What to expect in 2018?
In today’s fast-moving business environment and volatile political atmosphere, nothing stays the same for very long, including Workers’ Compensation. Here are 18 ongoing trends and emerging issues to watch in 2018. Comp rates continue downward trend It’s good news for...
Continue ReadingDelays In Reporting Claims Can Increase Costs By Over 50%: Study
One of the overarching principles of workers’ comp cost control is early reporting and intervention. About fifteen years ago, a groundbreaking study by the Hartford Financial Services Group found that injuries reported between the 4th and 5th week following an...
Continue ReadingEight Costly Communication Mistakes Employers Make
Communication is an essential element in realizing business profitability, and managing workers’ comp costs is no exception. When communication suffers and an employee’s injuries are not properly managed, the experience mod goes up, premiums increase, and profits plummet. The sad...
Continue ReadingLawyers Say Workers’ Comp Retaliation Claims Are Increasing
According to an article in Business Insurance (September 14, 2015), injured employees are more likely to win retaliation claims because comp cases have a lower burden of proof and there is empathy for the injured worker. It is not only...
Continue ReadingHow To Avoid A Spike In Slip And Fall Claims During Harsh Winters
Ice and snow-related slip and fall workers’ comp claims nearly doubled and represented one-third of claims involving time away from work last year in the Midwest area, which had a particularly harsh winter. In five Midwest states, including Michigan, Wisconsin,...
Continue ReadingWhy There Are Too Many Slips, Trips, And Falls
Employers have spent a lot of time and money on the traditional solutions to slips, trips, and falls, which occur in almost every type of workplace, yet they still account for: More than 95 million lost work days per year...
Continue ReadingPainkillers: Costly For Employers And Deadly For Employees
The National Safety Council's (NSC) recently issued the report, Prescription Pain Medications: A Fatal Cure for Injured Workers, identifies 15 court cases from 2009 through 2015, where an employer was sued because of the prescribed use of opioids to treat...
Continue ReadingHow To Ensure You Are Not Overcharged In The Premium Audit
Many businesses accept on “good faith” that the Workers’ Comp audit is done correctly. Yet, the audit process is complex and prone to many errors and omissions. Since a Workers’ Compensation premium is estimated initially, the actual cost is determined...
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