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Part 2: Workers’ Comp Independent Premium Audits Explained

AMAXX

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workerscompensation premiums. ” Stay tuned to complete your understanding and gain further control over your workerscompensation premiums.

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2 Common Mistakes In Workers’ Comp Doctor Selection

AMAXX

While using an approved network is necessary for insurance and cost-control reasons, not all doctors within the network are equally effective at managing workplace injuries. Consider the case of Jane, a worker who sustained a severe back injury. One provider accepted workers compensation but was not taking new patients.

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California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Insurance Journal

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workerscompensation insurance, lowering the annual benchmark rate from $1.41 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

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Reforming Your Workers’ Comp Program: Avoiding Common Pitfalls and Taking Action

AMAXX

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. FREE DOWNLOAD: “Step-By-Step Process To Master Workers Comp In 90 Days” 5.

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The Case for Injury Duration Guidelines in Modern Workers’ Comp Programs

AMAXX

In the complex world of workerscompensation, achieving optimal outcomes for injured workers requires a blend of precision, consistency, and empathy. Ensuring Fairness In a system as diverse as workerscompensation, consistency is key.

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TDI to Adopt 11.5% Workers’ Comp Rate Decrease

Insurance Journal

The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …

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9 Characteristics of Transitional Duty Assignments in Workers’ Comp

AMAXX

A structured Return-to-Work (RTW) program is one of the most effective ways to reduce workerscompensation costs and improve employee recovery outcomes. Conclusion An effective transitional duty policy supports injured employees while controlling workerscompensation costs.