AMAXX

MARCH 24, 2025

This post is one in a 3-part series: Part 1: Workers Comp Independent Premium Audits Explained Part 2: Workers Comp Independent Premium Audits Explained Part 3: Workers Comp Independent Premium Audits Explained To qualify for this treatment, construction employers must keep meticulous records specifying exact hours worked per classification code.

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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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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.

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Injury Workers Comp Workers Compensation Claim 66

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.

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

AMAXX

MARCH 11, 2025

Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs. Sub-rosa investigationsundercover surveillance designed to discreetly document claimant activityprovide evidence to substantiate or challenge the severity of reported injuries.

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Workers Comp Claim Workers Compensation Injury 52

AMAXX

SEPTEMBER 16, 2024

Work-related injuries can occur in any industry, and when they do, the aftermath can be chaotic and stressful for all parties involved. To mitigate confusion, it’s essential for companies to have a clear and consistent post-injury response procedure. One of the most critical aspects of these procedures is consistency.

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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. Examples of this misidentification include: “We have a ton of adjuster turnover.”

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Workers Comp Building Workers Compensation Compensation 105

AMAXX

MARCH 4, 2025

Past Negative Experiences : If a company has a history of poorly handling claims or has terminated employees following an injury, fear will be heightened. Employers should: Develop an Employee Workers Compensation Brochure that explains what to expect if they get hurt. The consequences of these fears are significant.

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Workers Compensation Compensation Claim Workers Comp 82

AMAXX

FEBRUARY 24, 2025

The injury coordinator can evaluate these aspects of both telephonic case management and field-based case management by first emailing the adjuster and stating the above. Also, the injury coordinator should know whether your NCM is an RN or a Licensed Practical Nurse (LPN). Can we get a list of all claims that have NCM assigned?

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Workers Compensation Workers Comp Compensation Claim 66

AMAXX

MARCH 17, 2025

For example: If production is prioritized over safety , employees may feel pressured to work through injuries or avoid reporting them. How Incentives Shape Behavior in Workers Comp Incentivesboth financial and non-financialare at the heart of many workers’ comp challenges. The unintended consequence?

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Workers Comp Workers Compensation Injury Compensation 66

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 91

AMAXX

SEPTEMBER 9, 2024

A board-certified physician reviews whether the injured worker is receiving the best possible care for their injury and identifies areas where the treating physician may lack knowledge or deviate from standard medical care. Diagnosis and prognosis remain unclear, or the disability period is disproportionate to the injury.

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Workers Comp Injury Compensation Claim 102

AMAXX

AUGUST 26, 2024

To better grasp this, let’s walk through a hypothetical scenario that illustrates two different supervisor responses to an employee’s injury and explore the potential consequences of each approach. Then, we’ll talk about how we can work together to accommodate your injury and help you return to the team as soon as possible.”

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Injury Workers Comp Workers Compensation Compensation 105

AMAXX

DECEMBER 19, 2024

In the context of workers compensation, fostering a similar collaborative environment can lead to earlier injury reporting, effective hazard identification, and creative solutions for return-to-work programs, ultimately reducing costs. Early reporting and hazard mitigation are key to preventing costly claims and minimizing downtime.

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Workers Comp Workers Compensation Injury Compensation 98

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

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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Workers Comp Risk Workers Compensation Injury 64

AMAXX

MARCH 4, 2025

OSHA Compliance as a Cost-Saving Strategy Workplace injuries are expensive. The direct costs of workers’ compensation claims, medical expenses, and lost productivity add up quickly. A proactive safety strategy aligned with OSHA standards can drastically reduce workplace injuries, lowering both direct and indirect costs.

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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

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 98

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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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.

Workers Compensation 52

Workers Compensation Liability Property Damage Inland Marine Insurance 52

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 59

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 102

Workers Compensation Compensation Workers Comp Premium 102

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 105

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 104

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 105

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 83

PSM Brokerage

FEBRUARY 27, 2025

Yet, many Americans dont realize the financial risks of losing their paycheck due to illness or injury. or Wont workers' comp cover me? As an insurance agent, you know that protecting a clients income is just as important as protecting their health, home, or life. with clear, compelling answers.

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Agents Workers Comp Insurer Insurance 59

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.

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Workers Comp Compensation Workers Compensation Injury 94

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.

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Workers Comp Workers Compensation Compensation Claim 40

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 91

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%

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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.

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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. 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 98

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 104

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