AMAXX

FEBRUARY 17, 2025

When a worker is injured, their experience in the workers’ compensation system can have a profound impact on their recovery, return to work, and overall job satisfaction. A lack of clear communication often leads to confusion, frustration, and even litigation , increasing costs for both the employer and the injured worker.

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AMAXX

MARCH 24, 2025

Now, we address the remaining elements that auditors consider essential in ensuring you fully optimize your workers’ compensation premium calculations, highlighting scenarios that often require particular attention and strategic management.

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Workers Comp Premium Workers Compensation Compensation 59

AMAXX

MARCH 4, 2025

By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. The Link Between Fear and Litigation Studies have consistently identified fear as a major driver of workers compensation litigation.

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AMAXX

MARCH 10, 2025

Mass layoffs or company closures can trigger a significant increase in workers’ compensation claimssome legitimate, others potentially unsubstantiated. He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 10, 2025

In the first part of our series, we emphasized the importance of thoughtful layoff planning to mitigate the risk of increased workers’ compensation claims following a workforce reduction or facility closure. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

FEBRUARY 24, 2025

Shall we touch base about this on our regular risk management conference call? He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%. Can we get a list of all claims that have NCM assigned?

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Workers Compensation Workers Comp Compensation Claim 66

AMAXX

FEBRUARY 24, 2025

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?

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Workers Compensation Compensation Workers Comp Injury 66

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs.

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Workers Comp Claim Workers Compensation Injury 52

AMAXX

JANUARY 6, 2025

When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Our three components to achieve workers comp mastery are: Framework , Employer Controls , and External Controls. Phase 1: Framework Reducing workers compensation costs is not a goalits an outcome.

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AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. Lets explore the roles of these critical players in a workers’ compensation system. Their expertise enhances the efficiency and accuracy of the claims process.

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AMAXX

MARCH 17, 2025

There are elements in your workers compensation program that may be creating challenges without you even realizing it. Drivers of Human Behavior in Workers Compensation The science of human behavior has been studied extensively, and one of the most insightful works on the subject is Drive by Daniel Pink.

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Workers Comp Workers Compensation Injury Compensation 66

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision.

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Simply Insurance

MARCH 17, 2025

Workers' compensation insurance rates vary by state due to location, industry risks, and policy coverage. The Hartford is a top choice for workers' compensation insurance due to its competitive pricing and comprehensive coverage. The national average cost is approximately $1,128 per year.

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AMAXX

AUGUST 7, 2024

When it comes to managing workers’ compensation, understanding classification rules is fundamental. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. The higher the risk, the higher the workers’ compensation premium for that classification.

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Workers Compensation Compensation Workers Comp Premium 102

AMAXX

SEPTEMBER 9, 2024

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Utilization Review (UR) Utilization Review (UR) is a critical process in workers’ compensation that involves a medical review of specific services provided to injured employees.

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AMAXX

FEBRUARY 18, 2025

Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%.

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AMAXX

DECEMBER 19, 2024

These lessons also extend to reducing workers’ compensation costs through better collaboration and proactive problem-solving. These lessons extend to the implementation of autonomy and building safetytwo critical components of a thriving workplace that directly impact workers’ compensation outcomes.

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Workers Comp Workers Compensation Injury Compensation 98

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 includes gathering witness statements and creating an incident report.

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AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. and why are we gonna try to get this risk up because you’re saying, hey. So let’s talk about this.

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AMAXX

AUGUST 21, 2024

In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. Is the Cost for the Claim for Life?

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Workers Compensation Compensation Workers Comp Injury 105

AMAXX

FEBRUARY 10, 2025

Just as the Eagles didnt let distractions get in their way, companies cant afford to ignore how their leadership shapes workers comp outcomes. This mirrors the Eagles’ game plan execution staying focused on fundamentals and eliminating unnecessary risks.

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AMAXX

OCTOBER 8, 2024

In the world of workers’ compensation, one of the most powerful strategies for managing costs while helping injured employees return to work is the implementation of a transitional duty (TD) program. While the nurse cannot move patients, they may still be able to complete their other duties with some adjustments.

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Workers Compensation Compensation Workers Comp Injury 104

AMAXX

MARCH 4, 2025

By shifting your perspective from compliance-as-burden to compliance-as-advantage, you can leverage OSHA requirements to create a safer, more productive workplace, reduce workers compensation costs , and enhance your company’s reputation. Heres how: 1. OSHA Compliance as a Cost-Saving Strategy Workplace injuries are expensive.

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Workers Comp Workers Compensation Injury Compensation 71

Mark Jackson Insurance Agency

APRIL 15, 2024

Worker Using an Angle Grinder by Anamul Rezwan Business owners have multiple types of insurance to protect them from a variety of financial and legal risks. They should also protect their employees with workers’ comp insurance. What Is Workers’ Comp? What Does Workers’ Comp Cover?

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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.

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AMAXX

OCTOBER 24, 2024

By offering physical therapy as part of a rehabilitation plan, employers can speed up recovery and reduce the risk of long-term disability. This not only benefits the employee but also the employer by reducing workers’ compensation costs and minimizing downtime. What Is Occupational Therapy?

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Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Mistake #1: Delayed Care Due to Uncertainty A significant mistake in handling workers’ compensation claims is delaying medical treatment for injured employee s.

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Workers Compensation Compensation Claim Workers Comp 83

Word & Brown

APRIL 2, 2025

A Professional Employer Organization (PEO) is a firm that partners with small and mid-sized businesses to handle essential back-office functionslike payroll, HR, tax administration, workers comp, and employee benefits. If your clients are asking about PEOs, dont risk losing business to a competitor. Whats the reason? Hi, broker.

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AMAXX

JULY 29, 2024

In the realm of workers’ compensation, the role of an injury coordinator is pivotal. Based on the comprehensive guide from the Workers’ Compensation Manual, this blog will explore the responsibilities, best practices, and significance of an injury coordinator in an organization.

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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. Employee: Builds trust with the injured worker, reducing litigation risk and facilitating quicker recovery and return to work.

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Workers Comp Compensation Workers Compensation Injury 94

Triple-I: Workers Compensation

JUNE 10, 2024

William Nibbelin, Senior Research Actuary, Triple-I The recent National Council on Compensation Insurance (NCCI) Annual Insights Symposium (AIS) in Orlando, Fla., provided important context and clarity around the state of the workers compensation line of business. most profitable) in the past five years.

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AMAXX

AUGUST 26, 2024

In Scenario B , Supervisor B’s proactive approach in seeking immediate medical attention reduces the risk of the injury getting worse. 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.

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LexisNexis

OCTOBER 8, 2024

Oakland, CA – Migraine Drugs represented less than 1% of all prescriptions dispensed to California injured workers in 2023 but they consumed 4.7% of California workers’ compensation prescriptions filled in 2023, that was up from 0.2% of the California workers’ comp Migraine Drug spend and by 2021 it represented 8.8%

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Workers Comp Workers Compensation Compensation Injury 40

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” appeared first on Amaxx Workers Comp Blog.

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Workers Compensation Compensation Workers Comp Injury 52

Risk Management Monitor

DECEMBER 20, 2022

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.

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Workers Comp Workers Compensation Compensation Claim 40

AMAXX

NOVEMBER 19, 2024

For instance, unions may resist placing an employee in a different role for fear of safety risks. 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%.

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