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Understanding the Key Parties in Workers’ Compensation

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Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 3. Brokers and Agents: Employer Advocates Brokers serve as intermediaries between employers and insurance companies. Their expertise enhances the efficiency and accuracy of the claims process.

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Get Started Building Your NEW Workers’ Comp Program in 2025

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When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Our three components to achieve workers comp mastery are: Framework , Employer Controls , and External Controls. Workers compensation programs are multifaceted, and leaders often struggle to prioritize.

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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

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Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Under this system, employees who accept workers compensation benefits for a work-related injury or illness forfeit the right to sue their employer for negligence.

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Two Main Reasons Why Workers’ Compensation Costs Skyrocket

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This post will dive into the two primary reasons why workerscompensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Workers’ Comp Claims Audit: Initial Action Plan Checklist

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Michael Stack, CEO of Amaxx LLC, is an expert in workers’ compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers’ compensation costs by 20% to 50%. You should consult with your insurance broker, attorney, or qualified professional.

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5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

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5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. Disability Rating Adjustments: If the employee’s disability rating is higher or lower than initially predicted, this will affect the compensation they are entitled to, necessitating a reserve adjustment. Is the Cost for the Claim for Life?

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Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

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Willingness to Handle Workers’ Compensation Cases Workers’ compensation cases come with unique requirements and responsibilities. Your preferred provider must not only accept workers’ compensation cases but also be well-versed in the reporting and communication needs involved. All state laws vary.