Read more Overview WorkComp does not pay for employee injuries. You do! Once you understand that you write the checks for your employee's injuries, you realize how critical it is to have a proven process in place when an employee suffers an injury. Claims adjusters are buried under heavy caseloads. Add Managed Care to the mix and your employee's injury management is often outsourced to a case management company. You just can't notify the insurance company your employee was injured and expect them to handle the case properly. You must have a proven process in place to minimize the cost of the injury and expedite your injured employee's return to work. If all this isn't enough, an Albert Einstein would have trouble with the Experience Modification Rating formula! Fact You pay $2 to $3 back to the insurance company for every dollar you pay out for your employee injuries. Each injury results in the most expensive financing contract you have in your business. You have Workers' Compensation for only two reasons: 1). The law requires it. 2). Workers' Comp spreads the true cost of employee injuries out over time. You Pay You pay Workers’ Comp premiums. Then, you pay––again––for almost all of your claims. • You pay for employee injuries through lost dividends and return of premium. • You pay increased costs because your Experience Modification skyrockets. • You pay for lost productivity. • You pay for poor morale among the unhurt employees who fill in for the injured employee. • You pay for increased stress for management and staff. Employers | Success Stories | Insurance Professionals | Contact Us | Home © 2001 - 2009 Institute of WorkComp Advisors LLC PO Box 5437 • Asheville, NC 28813 p. 828-274-0959 f.  775-414-4294