​​Workers' Compensation Insurance

 Independent auditors & Consultants​

Make Cytron Group LLC part of your insurance team.
What Cytron Group LLC does for their clients.

​Although we work mostly with small and medium sized business, our customers do include large risks with hundreds of millions of dollars in payroll, full-time risk managers, and representation by the largest brokerage houses in the world.  Even with all of these resources, they still recognize the value of having experts on their team, and we still find savings and refunds for these clients.

If you are here, you most likely already know from our clients or have a suspicion that errors in work comp premium calculations and experience rating are common. 

Managers can never be certain that they are receiving the proper price for work comp insurance because there is so much data, so many computations, and so many rules required to calculate accurate premiums. Honest mistakes and procedural errors are made frequently and they can be very expensive errors that inflate premiums indefinitely.

We Put Our Money Where Our Mouth Is

 

 

 

 

 

 

 

 

Adding Cytron Group LLC to your team of insurance resources doesn't cost you a penny.  Our time is valuable just like yours. Yet, we spend our time on your behalf because we know how likely it is that we'll be successful.

 

We have a pay-for-performance business model. Comprehensive premium audits do not include any charges for our time.  We can afford to do this due to our success rate (or in other words frequency of errors discovered & refunds recovered). We split savings with customers (you keep 60%) from corrections on current and prior policies.  Anything we do that benefits you in the future is 100% value added; no fee.

Most of our clients spend, annually, somewhere between the cost of a nice, small house to the price of a small business just for this line of insurance.  


Purchasing something for which you have significant financial interest should require some form of due diligence; process for asking questions and evaluation to ensure proper pricing. 
 

 

 

 

 

 

 

 

 

 

 

Due Diligence


We invest our time (not yours) to serve this audit or investigatory function for our clients who don’t have the time, expertise, or both to perform adequate due diligence on their work comp insurance program; a significant financial commitment you MUST make every year.  


We specialize in helping businesses improve their bottom line, increase sales (see Experience Mod), and keep more of their money by showing them where their insurance company is overcharging for workers compensation insurance and correcting those errors.

The results can be immediate.  And, if you're actively focused on trying to control and reduce the cost of work comp insurance, immediate results are great for building momentum to drive your organization toward it's longer term goals.​

Stuart Cytron

stuart@cytrongroup.com

LinkedIn

(314) 757-8079 t

Use Our Website As Your
Work Comp Resource.

Even if you don't feel the need to engage an expert auditor at this time, please bookmark our website and come back as often as you like to learn about work comp related issues.  We have tried to answer a lot of common questions like:

 

What is the Experience Modification Rate?

What is a good Experience Modification Rate?

Why can't my insurance company and I agree on which employees belong in the Clerical 8810 Class Code?

What are the easiest ways to lower my Experience Modification Rate?

Plus, there are far more technical issues for you to research in our blog.

We are always looking to make this site more useful, so, feel free (we ENCOURAGE you) to email us about any new content or blog posts you'd like to see.

Who's responsible to ensure accuracy of your audit?

Your broker is a coverage specialist.  We are not coverage specialists.

 

On the other hand your broker is not an auditor, and there's no shame in that.  In fact, find one of the letters you received from your broker that accompanied your most recent or any of your work comp final audit statements.  No matter which brokerage firm you are with that letter says something almost identical to the following:  "The audit appears to be accurate based on our review.  Please review your payroll records to ensure they accurately....."  The responsibility for ensuring the accuracy of your final audit is yours.

Remember, the payroll audit is only one of the elements that determine your final premium.   There are many more; all prone to errors.

Also, consider the role of the insurance company's premium auditor who visits you annually.  He/she is not there to do any favors for you.  He determines how to classify your workers (possibility for errors) and how much payroll is to be included (possibility for errors).  The auditor determines whether to charge for subcontractors.  They are not there to advise you on how to lower your premiums.

Audit errors can "snowball" on you too.  Any payroll audit errors, described above, that occur directly impact your experience modification rate.  If your audit is wrong, your experience mod will be too. ​​​​​

  • Serving owners, CEOs, CFOs, Controllers, HR Managers, & Risk Managers

  • Serving Companies & industries burdened by substantial workers' compensation  insurance expenses:  construction, transportation, health care, manufacturing, etc.​