7 Secrets that Cost Your Client a Bundle on their Workers' Comp

Review of Experience Modification Factor saves insured over $25,000

INSURED A company, with 15 employees, reports $2 million in sales and is one of several businesses owned by various members of the same family. SITUATION The employer's Experience Modification jumped, for no obvious reason, from 0.99 to 1.27. The...

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Returned premium and lower Mod for social service agency

INSURED The insured is a regional social services agency providing day habilitation, vocational, residential, and evaluation services to approximately disadvantaged adults. With a payroll of $9,000,000 for 315 employees, they operate eight day-habilitation facilities and 16 residential programs in which...

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Correction of transposition error leads to seven point drop in Mod

INSURED This 22-year-old company reported sales in 2004 of $6.1 million and a payroll of $1,156,808. The company designs, sells and leases trailers, modular buildings and storage containers for mobile offices at construction sites, concession stands, sales offices for developers,...

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Employee injury notification program cuts Mod, saves $135K

INSURED This plastics manufacturer has 78 full-time employees and reports revenues of $22 million. The company manufactures plastic bags for industrial, commercial and residential use. SITUATION With an Experience Mod already at 1.35, more than twice the 0.65 minimum level,...

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Implementation of comprehensive Workers’ Compensation program saves modular home manufacturer $5,000 and lowers Experience Mod

3 years, 8 months ago

INSURED The company is a manufacturer of modular homes with more than 40 employees. SITUATION The company’s Experience Modification Factor had climbed steadily to 1.07 and management did not understand why. ASSESSMENT CWCAs were called in to review the claims...

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Implementation of zero lost time program lowers Mod & returns $177,840 to plumbing contractor

3 years, 8 months ago

INSURED The insured is a residential plumbing contractor with 265 employees. SITUATION The company was in a transitional stage causing a higher-than-average claims activity. The result was a large number of open claims that included indemnity and an Experience Mod...

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Electronics manufacturer saves $85,500 in 3 years

3 years, 8 months ago ,

INSURED The business is an electronics manufacturer that employs 110 workers. SITUATION After splitting from a large national manufacturer, the company saw its Mod jump to 1.45, causing uncompetitive labor costs and a loss of profitability.  ASSESSMENT It was determined...

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On-the-Ball injury management lowers reserves and saves $$$

3 years, 8 months ago ,

INSURED The insured is a new home construction contractor.  SITUATION An employee suffered a laceration to his finger while using a saw. The carrier set the highest possible reserves for disfigurement, permanent loss of use, and temporary disability warranted for...

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