SMP Consulting Group is a national leader in Workers’ Compensation premium analysis and recovery. For over four decades, our team has specialized in identifying and correcting Workers’ Compensation insurance overcharges for employers across the United States.
Since 1985, the professionals behind SMP Consulting Group have recovered over $300 million in Workers’ Compensation premium overpayments for thousands of businesses. Our work is grounded in deep industry knowledge, regulatory expertise, and a disciplined audit process designed to uncover errors that often go unnoticed – yet can cost employers significant money year after year.
SMP Consulting Group is also the home of CompWize®, our proprietary Workers’ Compensation analysis software and algorithm. CompWize was developed in-house to bring consistency, precision, and scalability to the premium review process. The CompWize platform analyzes payroll classifications, job functions, experience modification calculations, and carrier audit data to identify potential inaccuracies and overcharges that traditional reviews often miss. By combining technology with human expertise, CompWize allows our auditors and attorneys to focus their efforts where meaningful recovery opportunities exist.
Workers’ Compensation insurance is one of the most complex areas of commercial insurance. Premiums are driven by thousands of employee and business classifications, experience modification factors, payroll reporting, and carrier calculations. With over 800 business classifications and countless employee job codes, many of which are rarely challenged – even a single error can materially inflate an employer’s premium. Unfortunately, these errors are far more common than most businesses realize.
SMP Consulting Group combines experienced Premium Auditors, specialized Workers’ Compensation Attorneys, and the CompWize platform to conduct a comprehensive review of payroll classifications, job functions, experience modification calculations, and carrier audit results. Our process is thorough, compliant, and designed to stand up to scrutiny from insurance carriers and regulatory bureaus alike.
We operate strictly on a contingency basis. There are no upfront fees and no out-of-pocket costs to our clients. We absorb all expenses associated with the review and recovery process and are only compensated when a refund or credit is successfully obtained. If no errors are found, our clients gain the peace of mind that their premiums are accurate and compliant.
At SMP Consulting Group, our mission is simple: ensure employers pay only what they are legally required to pay – nothing more. When overcharges are identified, we work diligently to recover funds that may have been unnecessarily paid over multiple policy years, returning capital back to the businesses that earned it.
