Liberty's Financial Auditing Service provides a unique contingency audit of existing premium expenses. We use a proprietary set of computer modeling tools to determine the appropriate rates based on risk. We then look for discrepancies between those rates and the client's actual rates. Once the differences are identified, we negotiate with the client’s existing carrier(s) to achieve unilateral price reductions.

• Complex Modeling Principles: Our models are based upon the latest industry trends, underwriting criteria, area factors, reinsurance treaties and actuarial trends. By applying complex economic modeling principles to the area of insurance, we can identify the underwriting patterns that result in unnecessary overcharges.

• Streamlined Process: Realizing our clients have limited resources, we have streamlined their initial investment of time to less than one hour.

• Typical Savings: As one might expect, our results vary from client to client. However, real dollar savings typically range from 5-25 percent of current premium costs.

• Success Rate: The audit has succeeded in achieving significant savings for our clients 95 percent of the time.

• Contingency Basis: Liberty is only compensated if we save our client money. Our fee is a percentage of the savings we generate.

In the process of developing and formulating the audit service, we have uncovered significant differences in the underwriting philosophies of insurance carriers. These differences are rarely based on empirical data, but rather on subjective criteria. This leads to significantly higher profits for those insurance companies. Our model is used to determine the correct rates; not just what carriers think you will pay.