Remove Claim Remove Insurer Remove Workers Compensation
article thumbnail

Understanding Classification Rules in Workers’ Compensation

AMAXX

Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. The higher the risk, the higher the workers compensation premium for that classification. Instead of dreading these audits, be proactive in your approach.

article thumbnail

Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

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. Employers must have a structured approach for evaluating claims.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

AMAXX

However, for many workers, an overwhelming fear of losing their jobs adds unnecessary stress to an already difficult situation. Research has shown that fear of being fired is one of the top predictors of negative claim outcomes, including increased litigation rates and extended time off work. Heres how: 1.

article thumbnail

How to Tell If You Need a Nurse Case Manager for Your Workers’ Compensation Claim

AMAXX

However, there are times when the NCM doesn’t serve a specific purpose and is assigned to the claim to get it moving. If you review the insurer’s file notes online and do not see NCM notes, contact the NCM for an update. Ask the following: Do you have any suggestions for when we should use nurses and what types of claims?

article thumbnail

What is Evidence-Based Medicine in Workers’ Compensation

AMAXX

Evidence-Based Medicine (EBM) plays a critical role in workers compensation, guiding both medical professionals and non-medical stakeholders in making informed decisions about injury treatment, recovery time, and return-to-work strategies. One of the most common questions at the time of injury is, How long will my employee be off work?

article thumbnail

Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025

Insurance Journal

The trend of decreasing rates in Connecticut workerscompensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …

article thumbnail

How to Prevent Workplace Injuries and Reduce Workers’ Compensation Claims

Mark Jackson Insurance Agency

For business owners, preventing injuries is key to protecting employees, maintaining productivity, and minimizing workers compensation claims. Responding quickly and documenting everything helps limit the impact of workplace injuries and supports the workers compensation claims process.