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

The ‘Perceived Boss’ May Be The Silver Bullet In Controlling Workers’ Compensation Costs

Institute of WorkComp Professionals 4 years, 4 months ago

It is obvious, yet often overlooked, factor in controlling the costs of Workers’ Compensation. It is the immediate supervisor, or more accurately, the person who is the perceived loss of the injured employee. While this may seem like a no-brainer,...

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Reduce Workers’ Compensation Costs with CompScore Metrics

Institute of WorkComp Professionals 4 years, 4 months ago

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 claims costs for lost time...

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What Employers Need to Know About The Recovery of Injured Workers

Institute of WorkComp Professionals 4 years, 5 months ago

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 congratulate ourselves on what is...

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The Eight Major Mistakes Employers Make When Workers’ Compensation Rates Go Down

Institute of WorkComp Professionals 4 years, 5 months ago

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 and a significant cost of...

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The Costly Dangers of Not Getting Injured Employees Back to Work Quickly

Institute of WorkComp Professionals 4 years, 6 months ago

“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 advantage of the Workers’ Compensation...

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Employers, you’re paying the bill …Control your Experience Mod or it will control you by Institute of WorkComp Professionals

Institute of WorkComp Professionals 4 years, 6 months ago

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 and lower factors reduce them....

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The Biggest Mistakes Companies Make With Their Workers’ Compensation Insurance

Institute of WorkComp Professionals 4 years, 7 months ago

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 prices and usually select the...

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SubContractors Pressured to Get Workers’ Comp Experience Mods Down

Kevin Ring 4 years, 8 months ago

If the anecdotal evidence can be trusted, it’s becoming more and more common that contractors are being put on notice that they will lose the opportunity to bid on jobs if their Workers’ Compensation Experience Mods hit a certain point....

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