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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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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. Employers must have a structured approach for evaluating claims.

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2 Common Mistakes In Workers’ Comp Doctor Selection

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These errors can have significant consequences, including prolonged recovery times, increased claims costs, and a greater likelihood of litigation. She was given a list of four medical providers but found that: Two providers did not accept workers compensation patients. The only available provider was 70 miles away.

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

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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.

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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.

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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. Legacy claims that linger unresolved. What is the status of open or legacy claims?

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Part 1: Layoff Planning to Control Workers’ Comp Claims

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Proper layoff planning isn’t just about handling employment transitions; it’s crucial for controlling claims costs and ensuring that resources are available to support genuinely injured workers. Timely processing prevents claims from becoming unnecessarily expensive and ensures each case receives the attention it deserves.