Advanced Insurance Management was one of the pioneers of this field.  We began offering this service to employers back in 1987, making us one of the oldest and most experienced firms in this line of work. 

We've helped hundreds of employers of all kinds save millions of dollars in Workers Compensation insurance premiums.

But we know we're not the only ones out there offering this kind of service.

In recent years, we've seen a number of other companies begin to offer similar services.  Anyone doing a Google search will find a number of companies, all claiming expertise in this area.

We know that some of these other companies are ethical and professional service providers.  We also know that some of them are not.  Because this field of endeavor is not regulated the way the sale of insurance is, anyone can set up shop on the internet and claim to be an expert in premium recovery or premium reduction.

 There was a company some years ago based in New York that claimed to get refunds back for employers, but their specialty really was in misrepresenting to insurance companies the kind of work their clients did, so that they got refunds sometimes, but only by engaging in fraud.

This same company sometimes insisted on getting paid their share of the refund before the client actually received it--and sometimes the client never actually got a refund.

Some other competitors of ours lock clients in with a contract that can't be cancelled.  (We don't.)

We also know of one competitor that is offering to do Workers Comp Premium Recovery Work on the internet whose principal lost his insurance license for fraud, and who has multiple cease-and desist orders entered against him by various states.  The state of Iowa initiated a lawsuit against this company and its principals in 2008.  (click through to read the actual suit filed by the Attorney Attorney General's office to see details of how they allege this company deceived people in myriad ways.)

Fortunately, such bad apples are outnumbered by legitimate practitioners of this specialized art.  But employers who are considering using such services need to exercise care in selecting which provider to use.

Advanced Insurance Management LLC is a member of the Better Business Bureau.  This is one way we try to reassure our clients that our business practices are ethical and reliable.

We have also been certified as Recommended Expert Services Providers by the A.M. Best Company.

Our President is also a member of the National Society of Chartered Property Casualty Underwriters, and is bound by the code of ethics of that organization.

Our President, Edward J. Priz, has been accepted as an expert witness on Workers Compensation insurance premiums and audits by state and federal courts across the U.S.  and we'll be glad to provide you with case citations.

AIM isn't the only professional and ethical provider of this kind of service, of course.  In fact, if you email us, we'll provide you with the names of some competitors of ours that we believe to be reliable, professional, and ethical.  We don't know everyone in this business, but we know a fair number of them.

If your company is considering using a premium recovery service, check references carefully.  Check with your state's department of insurance to see if there are complaints against the firm (check the department of insurance in the firm's home state also.) 

If the company claims membership in BBB or other groups, check that out too. 

A good premium recovery company can save your company thousands of dollars.  A bad one can cost you more than just money and time.