AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. You should consult with your insurance broker, attorney, or qualified professional. appeared first on Amaxx Workers Comp Blog. Do not use this information without independent verification.

Workers Compensation 52

Workers Compensation Compensation Workers Comp Injury 52

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Unfortunately, a common procedural mistake can leave employees in a painful and detrimental limbo: the delay of care due to technicalities in insurance coverage.

Workers Compensation 52

Workers Compensation Compensation Claim Workers Comp 52

AMAXX

OCTOBER 1, 2024

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. However, this approach is unproductive. Instead of pointing fingers, focus on constructive dialogue.

Workers Comp 74

Workers Comp Claim Workers Compensation Compensation 74

AMAXX

SEPTEMBER 10, 2024

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.

Workers Comp 83

Workers Comp Workers Compensation Compensation Injury 83

AMAXX

OCTOBER 7, 2024

Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” All rights reserved under International Copyright Law.

Workers Comp 86

Workers Comp Claim Workers Compensation Compensation 86

AMAXX

AUGUST 12, 2024

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Proper communication helps facilitate a smooth return-to-work process and plays a crucial role in maintaining the injured worker’s morale and engagement with the organization.

Workers Comp 88

Workers Comp Workers Compensation Injury Compensation 88

AMAXX

JULY 9, 2024

These matters must be considered when seeking to maximize the efficiency of any workers’ compensation program and reduce costs. Consider Vocational Retraining Retraining is a dirty word in workers’ compensation, given the expenses associated with the process. Evaluate the various options. All state laws vary.

Workers Compensation 52

Workers Compensation Workers Comp Injury Compensation 52

AMAXX

SEPTEMBER 9, 2024

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Employers and insurance companies face the challenge of controlling medical costs while ensuring that injured employees receive the care they need. Proper timing is also essential to avoid unnecessary delays.

Workers Comp 74

Workers Comp Injury Compensation Workers Compensation 74

AMAXX

JULY 8, 2024

If a position is only attributable to the personal relationship between the employee and employer, PTD benefits could be compensable. Expert and Employee Depositions: Expert depositions are usually used as direct evidence at workers’ compensation hearings. Sheltered workshop employment. All state laws vary.

Workers Comp 52

Workers Comp Workers Compensation Injury Compensation 52

AMAXX

AUGUST 27, 2024

Building on Success: Enhancing Existing Practices Once a comprehensive injury management program is in place, it’s important to build on existing internal processes to closely manage workers’ compensation and improve overall safety outcomes. You should consult with your insurance broker, attorney, or qualified professional.

Injury 87

Injury Workers Comp Workers Compensation Compensation 87

AMAXX

AUGUST 26, 2024

The lack of support and the implied threat regarding the promotion could lead the employee to seek legal counsel to protect their rights and secure compensation for their injury. By preventing injuries from worsening and minimizing disputes, companies can significantly reduce their workers’ compensation costs.

Injury 91

Injury Workers Comp Workers Compensation Compensation 91

AMAXX

SEPTEMBER 3, 2024

Return to Work (RTW) programs are essential components of an effective workers’ compensation system. 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%.

Workers Comp 81

Workers Comp Injury Workers Compensation Compensation 81

AMAXX

JULY 23, 2024

Effective Return-to-Work programs can significantly reduce the costs associated with workers’ compensation claims. Studies have shown that a small percentage of workers’ compensation claims account for a large portion of the costs. However, this probability dropped to 55.4% after 13-26 weeks, 32.2%

Workers Comp 52

Workers Comp Injury Workers Compensation Compensation 52

AMAXX

JULY 30, 2024

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.

Workers Comp 52

Workers Comp Risk Workers Compensation Injury 52

Triple-I: Workers Compensation

APRIL 4, 2022

If such a captive insures only the risks of its parent or subsidiaries, it is called a “pure” captive. The global insurance broker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020.

Workers Compensation 40

Workers Compensation Insurance Insurer Insured 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 59

Workers Compensation Premium Compensation Workers Comp 59