Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. Spotting problem areas and opportunities sooner makes it easier to develop and implement steps to reduce risk pre-loss and better control costs post-loss. Assemble the right team.

Claim 75

Claim Injury Workers Compensation Risk 75

Triple-I: Workers Compensation

JUNE 10, 2024

I recently assumed responsibility for forecast modeling of the property/casualty industry, which includes workers comp. According to NCCI, the success of the workers comp line in recent years represents the convergence of three factors: Payroll increases Moderate severity increases, and Larger-than-expected frequency declines.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

AMAXX

SEPTEMBER 16, 2024

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers’ Comp In 90 Days” The Importance of a Consistent Post-Injury Response A well-documented and standardized post-injury response plan offers multiple benefits. This prevents delays and ensures that the process moves forward efficiently.

Injury 83

Injury Workers Compensation Compensation Workers Comp 83

AMAXX

AUGUST 21, 2024

Reserves are the funds set aside by an insurer to cover the future costs of a claim, including medical expenses, lost wages, and other associated costs. However, even the most experienced adjuster can sometimes under-reserve a claim, leading to financial surprises later on. Is the Cost for the Claim for Life?

Workers Compensation 90

Workers Compensation Compensation Workers Comp Injury 90

Risk Management Monitor

DECEMBER 20, 2022

A chiropractor, for example, conducted illegal medical evaluations and billed these evaluations, claiming that he was approved as a medical legal evaluator. Provider fraud is increasingly prevalent in California and Florida due to each state’s workers comp rules. So, how can we pin down provider fraud?

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Understanding the importance of quickly reporting claims and reducing lag time is key to preventing such scenarios. Initially, this policy faced controversy and skepticism.

Workers Compensation 52

Workers Compensation Compensation Claim Workers Comp 52

LexisNexis

OCTOBER 8, 2024

of the California workers’ comp Migraine Drug spend and by 2021 it represented 8.8% of California workers’ comp migraine prescriptions but at an average of $617 per prescription it represented 8.6% of workers’ comp Migraine prescriptions, but with an average payment of $1,426 it represented 17.2%

Workers Comp 40

Workers Comp Workers Compensation Compensation Injury 40

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Frequency: The Stronger Driver of Premiums In the world of workers’ compensation, frequency refers to how often claims are filed.

Workers Compensation 64

Workers Compensation Premium Compensation Workers Comp 64

AMAXX

AUGUST 26, 2024

Oh, by the way, if you file that claim, you know that promotion you were thinking about? In Scenario B , Supervisor B’s proactive approach in seeking immediate medical attention reduces the risk of the injury getting worse. appeared first on Amaxx Workers Comp Blog. That’s not going to work out too well for you.”

Injury 89

Injury Workers Comp Workers Compensation Compensation 89

Rough Notes

DECEMBER 2, 2024

Delivering better workers comp claims analysis by adding data-driven benchmarking and risk mitigation The entire goal of Mod Advisor, an internet-based application, is to simplify and streamline the analysis process.

Workers Comp 40

Workers Comp Claim Risk Commercial 40

AMAXX

DECEMBER 9, 2024

Navigating workers’ compensation claims can be challenging for employers, especially when injured employees struggle to understand or adhere to the medical and administrative processes involved. Nurse Case Management (NCM) offers an effective solution by providing guidance, advocacy, and support throughout the claims process.

Workers Comp 64

Workers Comp Compensation Workers Compensation Injury 64

AMAXX

AUGUST 7, 2024

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers’ compensation premium for that classification.

Workers Compensation 73

Workers Compensation Compensation Workers Comp Premium 73

AMAXX

OCTOBER 24, 2024

Click Link to Access Free PDF Download “8 ‘Think Outside the Box’ Tactics to Settle Workers’ Comp Claims” Take, for instance, an employee who tears their medial meniscus. By offering physical therapy as part of a rehabilitation plan, employers can speed up recovery and reduce the risk of long-term disability.

Workers Compensation 87

Workers Compensation Compensation Injury Workers Comp 87

AMAXX

OCTOBER 8, 2024

These programs offer significant benefits, not only by speeding up recovery but also by minimizing the financial impact of workers’ compensation claims on employers. A patient assistant could take over the patient transfer responsibilities, allowing the nurse to continue working without risk of further injury.

Workers Compensation 76

Workers Compensation Compensation Workers Comp Injury 76

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. When facing these claims, members of the claim management team and other interested stakeholders need to identify the issues early on, evaluate and develop defenses, and avoid costly mistakes.

Workers Compensation 52

Workers Compensation Compensation Workers Comp Injury 52

AMAXX

JULY 29, 2024

Claims Management Oversee the workers’ compensation claims process, ensuring timely filing and follow-up. Work with insurance adjusters and third-party administrators to manage and resolve claims efficiently. For additional resources and training, visit WCManual.com.

Workers Compensation 52

Workers Compensation Injury Compensation Workers Comp 52

AMAXX

NOVEMBER 19, 2024

For instance, unions may resist placing an employee in a different role for fear of safety risks. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”

Workers Comp 77

Workers Comp Workers Compensation Injury Building 77

AMAXX

AUGUST 13, 2024

by Andrea Mills, Chief Client Officer, Ametros Settling a workers’ compensation or liability claim can and should be a win-win for the injured individual and the payer. Fortunately, some experts devote their careers to understanding and alleviating the concerns of injured individuals and helping move claims to settlement.

Workers Compensation 78

Workers Compensation Injury Compensation Claim 78

Zywave

NOVEMBER 20, 2024

Additionally, ongoing acceleration of cyberattacks have led to growing concerns around data privacy and cyber warfare risks. It is crucial for businesses to maintain documented workplace policies fostering a culture of inclusion and mitigating risk in these areas.

Workers Comp 52

Workers Comp Commercial Property Cyber Commercial 52

Jackson & Jackson

NOVEMBER 16, 2024

Running an IT business in California comes with unique risks and challenges. Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. General Liability Insurance Even in a digital world, physical risks exist.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

Risk Management Monitor

JULY 26, 2022

Many companies overlook one key way to control costs that can be easily implemented and managed while also improving work culture overall: implementing a safety program to better manage workers compensation costs. Repetition is key for any new employee learning the ropes, but especially for those workers who are jumping into a new role.

Workers Compensation 40

Workers Compensation Compensation Claim Building 40

LexisNexis

SEPTEMBER 9, 2024

Robinson, co-author, Larson’s Workers’ Compensation Law Editorial Note: All section references below are to Larson’s Workers’ Compensation Law, unless otherwise indicated. Illinois Workers’ Comp. Workers’ Comp. Workers’ Comp. Comm’n , 2024 IL App (1st) 230609WC, 2024 Ill. Appeals Bd.

Workers Compensation 40

Workers Compensation Compensation Injury Workers Comp 40

New Jersey Workers' Comp

JUNE 20, 2024

In this case, the court observed that the shop owner was exposed to the very same risk. 449 (2012) for the proposition that a violation of a safety code is just one factor in proving an intentional harm claim. Further, just knowing that there is some danger is not the same as having substantial certainty that the danger will occur.

Workers Compensation 52

Workers Compensation Compensation Injury Claim 52

LexisNexis

NOVEMBER 8, 2024

As Baby Boomers delay retirement, working well into their 60s and 70s, they bring valuable experience but also increased risk of age-related injuries. The article delves into findings that suggest workers who don’t work from home may have better overall health outcomes in areas such as alcohol consumption, nutrition, and mental well-being.

Workers Compensation 40

Workers Compensation Compensation Injury Claim 40