Reduce Workers’ Compensation Costs with CompScore Metrics
How do companies keep score in workers' compensation? Typically insurance carriers provide basic or “top of the line measurements,” such as annual totals of claim expenditures, average claims costs for medical only claims and average...
READ ARTICLE
What Employers Need to Know About The Recovery of Injured Workers
Workers’ Compensation rates have been trending downward, as have the number of job-related injuries. Even injuries totaling $50,000 or more dropped for the first time in 2005. But before we let loose the balloons and...
READ ARTICLE
The Eight Major Mistakes Employers Make When Workers’ Compensation Rates Go Down
Throughout much of the country, declining Workers’ Compensation rates are music to employers’ ears. After all, that seems like long-awaited good news, particularly since Workers’ Compensation is more often than not viewed as a necessity...
READ ARTICLE
The Costly Dangers of Not Getting Injured Employees Back to Work Quickly
“We’ve got an employee who’s abusing the system and we’re just about fed up. So are our people.” Every insurance agent has heard these words from frustrated employers who are certain injured workers are taking...
READ ARTICLE
Employers, you’re paying the bill …Control your Experience Mod or it will control you by Institute of WorkComp Professionals
One of the most confusing components of an employer’s Workers’ Compensation Policy is the Experience Modification Factor. They watch it increase and decrease from year to year – higher Experience Modification Factors generally increase costs...
READ ARTICLE
The Biggest Mistakes Companies Make With Their Workers’ Compensation Insurance
Most business owners and managers purchase Workers’ Compensation in the wrong way. About 90 to 120 days before their policies expire, they put it out to bid and get quotes. Once in, they review the...
READ ARTICLE