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Part 2: Workers’ Comp Independent Premium Audits Explained

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This post is one in a 3-part series: Part 1: Workers Comp Independent Premium Audits Explained Part 2: Workers Comp Independent Premium Audits Explained Part 3: Workers Comp Independent Premium Audits Explained 5. You should consult with your insurance broker, attorney, or qualified professional.

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Understanding Classification Rules in Workers’ Compensation

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The higher the risk, the higher the workers compensation premium for that classification. These rules are established by rating organizations like the National Council on Compensation Insurance (NCCI) in most states, though some states have their own rating bureaus. All state laws vary.

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2 Common Mistakes In Workers’ Comp Doctor Selection

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Consider the case of Jane, a worker who sustained a severe back injury. She was given a list of four medical providers but found that: Two providers did not accept workers compensation patients. One provider accepted workers compensation but was not taking new patients. Are currently accepting new patients.

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Mistake: Accepting Every Workers’ Compensation Claim

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Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.

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Reforming Your Workers’ Comp Program: Avoiding Common Pitfalls and Taking Action

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Revamping a workers compensation (WC) program can transform how companies manage costs and care for injured employees. Below, we explore common errors and provide actionable steps to begin reforming a workerscomp program. FREE DOWNLOAD: “Step-By-Step Process To Master Workers Comp In 90 Days” 5.

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9 Characteristics of Transitional Duty Assignments in Workers’ Comp

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FREE DOWNLOAD: “13 Research Studies to Prove Value of Return-to-Work Program & Gain Stakeholder Buy-In” Business and Financial Benefits of Transitional Duty Lower Workers Compensation Costs : Employees who stay engaged at work tend to have shorter claims duration and fewer legal disputes.

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How Fear Impacts Workers’ Compensation Claims (and What to Do About It)

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By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. The Link Between Fear and Litigation Studies have consistently identified fear as a major driver of workers compensation litigation.