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Two Main Reasons Why Workers’ Compensation Costs Skyrocket

AMAXX

One of the most significant challenges for employers today is managing the rising costs of workerscompensation claims. This post will dive into the two primary reasons why workerscompensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.

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2 Major Types of Transitional Duty in Workers’ Compensation

AMAXX

In the world of workerscompensation, 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. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx WorkersComp Training Center.

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Do landscaping companies need workers’ compensation insurance?

InsuranceBee

When you’re running a landscaping or lawn care business, one of the most crucial questions you can ask yourself is: do I need workerscompensation insurance? Frankly, with workerscomp, there’s little to no gray area. The post Do landscaping companies need workerscompensation insurance?

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Workers’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

AMAXX

Click Link to Access Free PDF Download “Step-By-Step Process To Master WorkersComp 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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WCIRB Summarizes 2024 California Workers’ Comp Legislation

Insurance Journal

The WorkersCompensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …

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5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

AMAXX

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

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Understanding Classification Rules in Workers’ Compensation

AMAXX

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