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?

Workers Comp 52

Workers Comp Protection Workers Compensation Commercial Umbrella 52

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.

Workers Comp 53

Workers Comp Risk Workers Compensation Injury 53

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. While their primary purpose is to ensure employees receive medical and wage replacement benefits for work-related injuries, they also offer critical advantages to employers.

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Workers Compensation Compensation Workers Comp Injury 91

AMAXX

JANUARY 13, 2025

Lets explore the roles of these critical players in a workers’ compensation system. Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk.

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Workers Compensation Compensation Workers Comp Broker-Agent 91

AMAXX

FEBRUARY 10, 2025

Supervisors in the workplace, much like a championship teams defense, play a pivotal role in injury management. Their response in the first moments after an injury determines whether the process leads to a smooth recovery or spirals into an expensive, drawn-out claim. Research by Scott W. Heres a step-by-step guide for supervisors: 1.

Injury 59

Injury Workers Comp Workers Compensation Claim 59

AMAXX

FEBRUARY 18, 2025

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers compensation premium for that classification.

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Workers Compensation Compensation Workers Comp Premium 83

AMAXX

FEBRUARY 10, 2025

FREE DOWNLOAD: “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Perception of Risk Thispersonhasnot.Theyhavethey’rethey’rethey’renotthey’renotpayingtheirbillsastimely,whichisjustaperceptionofthatrisk. Contact: mstack@reduceyourworkerscomp.com.

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Workers Comp Risk Workers Compensation Premium 59

AMAXX

JULY 29, 2024

In the realm of workers’ compensation, the role of an injury coordinator is pivotal. This position is crucial for managing the complex processes associated with workplace injuries, ensuring both compliance with regulations and the well-being of employees.

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Workers Compensation Injury Compensation Workers Comp 52

AMAXX

OCTOBER 24, 2024

Workplace injuries can have significant financial and operational impacts on businesses, but the cost to the employee is often much greater. From physical pain to financial insecurity, an injury can be life-altering. Despite this, many employers overlook one of the most critical aspects of workplace injury management: rehabilitation.

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Workers Compensation Compensation Injury Workers Comp 97

AMAXX

AUGUST 21, 2024

Will the Injury Require Future Medical or Surgical Interventions? The need for surgery often signals more serious injuries, which not only have higher immediate costs but also pose substantial risks for future complications. Failing to recognize this can result in significant under-reserving.

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Workers Compensation Compensation Workers Comp Injury 99

Triple-I: Workers Compensation

JUNE 10, 2024

I recently assumed responsibility for forecast modeling of the property/casualty industry, which includes workers comp. According to NCCI, the success of the workers comp line in recent years represents the convergence of three factors: Payroll increases Moderate severity increases, and Larger-than-expected frequency declines.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

AMAXX

AUGUST 7, 2024

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers’ compensation premium for that classification.

Workers Compensation 81

Workers Compensation Compensation Workers Comp Premium 81

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. Transitional duty allows employees to return to the workplace in a modified capacity while they continue to recover from their injuries.

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Workers Compensation Compensation Workers Comp Injury 86

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%+. Consider Psychosocial Factors Recovery from work injuries is often influenced by psychological and social barriers that go beyond physical healing.

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Workers Comp Injury Workers Compensation Compensation 67

LexisNexis

OCTOBER 8, 2024

of the California workers’ comp Migraine Drug spend and by 2021 it represented 8.8% of California workers’ comp migraine prescriptions but at an average of $617 per prescription it represented 8.6% of workers’ comp Migraine prescriptions, but with an average payment of $1,426 it represented 17.2%

Workers Comp 40

Workers Comp Workers Compensation Compensation Injury 40

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.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

AMAXX

DECEMBER 9, 2024

” Additionally, nurse case managers educate workers about potential risks like medication interactions and the importance of adhering to prescribed treatments. Employee: Builds trust with the injured worker, reducing litigation risk and facilitating quicker recovery and return to work.

Workers Comp 71

Workers Comp Workers Compensation Compensation Injury 71

AMAXX

JULY 15, 2024

This delay typically occurs when there is uncertainty about whether the injury is work-related, resulting in neither workers’ compensation nor general health insurance covering the initial treatment. Example: Consider John, who reports a shoulder injury first thing on a Monday morning.

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Workers Compensation Compensation Claim Workers Comp 59

AMAXX

SEPTEMBER 23, 2024

This repeated exposure to risk increases the likelihood that larger claims might occur in the future, which alarms underwriters. Since it doesn’t signal a systemic issue, it has less predictive value in determining future risks. More frequent claims increase the employer’s perceived risk, leading to higher premiums over time.

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Workers Compensation Premium Compensation Workers Comp 67

AMAXX

NOVEMBER 19, 2024

For instance, unions may resist placing an employee in a different role for fear of safety risks. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” Contact: mstack@reduceyourworkerscomp.com.

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Workers Comp Workers Compensation Injury Building 88

AMAXX

AUGUST 13, 2024

The government has strict mandates to ensure these benefits are not commingled with monies paid to injured individuals for injuries expected to be covered by another third party, i.e., the employer or insurer. What Are the Risks and Consequences of Mismanaging MSAs? In short, Medicare is always a secondary payer.

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Workers Compensation Injury Compensation Claim 87

Risk Management Monitor

SEPTEMBER 21, 2021

Spotting problem areas and opportunities sooner makes it easier to develop and implement steps to reduce risk pre-loss and better control costs post-loss. This often includes the risk manager, and may also encompass employees from legal, human resources, safety, operations and even the CFO, in some cases.

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Claim Injury Workers Compensation Risk 75

AMAXX

JULY 1, 2024

The ultimate goal should be to treat all injured employees with respect and dignity while vigorously defending these claims to ensure excessive monies are not spent in handling the file or taking unnecessary risks at the hearing. There are also questions about whether an injury will be permanent during surgery.

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Workers Compensation Compensation Workers Comp Injury 52

Jackson & Jackson

NOVEMBER 16, 2024

Running an IT business in California comes with unique risks and challenges. General Liability Insurance Even in a digital world, physical risks exist. Business property insurance protects your physical assets against risks like fire, theft, or natural disasters. Don’t leave your business vulnerable.

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Insurance Policy Policy General Liability Workers Compensation Insurance 52

New Jersey Workers' Comp

JUNE 20, 2024

The court noted that even an injury stemming from gross negligence is insufficient to satisfy the intentional wrong exception. The court reasoned that not all fires lead to injury or death. In this case, the court observed that the shop owner was exposed to the very same risk. The court quoted from Richter v. Oakland Bd.

Workers Compensation 52

Workers Compensation Compensation Injury Claim 52

LexisNexis

SEPTEMBER 9, 2024

Illinois Workers’ Comp. The court agreed that the fact that the inspector was not traveling at the time of his injury was not controlling. His injuries, even on the employer’s premises were, therefore, compensable. Workers’ Comp. Employee’s Injuries Sustained Shortly After Clocking Out Are Compensable.

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Workers Compensation Compensation Injury Workers Comp 40

Risk Management Monitor

MARCH 30, 2022

The training and checklists should provide guidance on solutions and adjustments that employees can implement in their workspaces to achieve maximum comfort and avoid the risk of injury. Retaining employees. In November 2021, a record 4.5 Implementing wellness routines can also help keep employees physically and mentally healthy.

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Injury Risk Workers Comp 40

Risk Management Monitor

JULY 26, 2022

When the average workers compensation claim is around $40,000, taking steps to mitigate workers compensation risks and better manage claims can be a great opportunity for any business to both ensure the safety of its workers and protect the bottom line.

Workers Compensation 40

Workers Compensation Compensation Claim Building 40

LexisNexis

NOVEMBER 8, 2024

This transformation brings with it new challenges in workforce training, job displacement, and the very definition of what constitutes a compensable injury in an AI-augmented workplace. As Baby Boomers delay retirement, working well into their 60s and 70s, they bring valuable experience but also increased risk of age-related injuries.

Workers Compensation 40

Workers Compensation Compensation Injury Claim 40

AMAXX

JANUARY 28, 2025

The Problem: A widespread mistake is using Across-the-Board Cost Allocation , where workers’ compensation costs are distributed evenly among divisions based on employee count or another arbitrary factor. By linking costs to outcomes, division leaders are incentivized to prioritize safety, reduce injuries, and manage claims effectively.

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Workers Comp Policy Workers Compensation Injury 60