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.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

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. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

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. Contact: mstack@reduceyourworkerscomp.com.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

SEPTEMBER 23, 2024

This repeated exposure to risk increases the likelihood that larger claims might occur in the future, which alarms underwriters. Underwriters view very large losses as rare and unlikely to repeat. When an organization experiences many smaller claims, it suggests that workplace hazards are not being effectively addressed.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

Triple-I: Workers Compensation

JULY 27, 2023

In recent years, it has been the most profitable property/casualty line of business, having experienced its sixth consecutive year of combined ratios under 90 and its ninth straight year of underwriting gains. A combined ratio below 100 represents an underwriting profit, and one above 100 represents a loss.

Workers Comp 40

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 40

Risk Management Monitor

SEPTEMBER 21, 2021

Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries. The claims review should be designed to account for how frequency and severity may affect underwriting decisions so that the policyholder can move toward its coverage objectives.

Claim 75

Claim Injury Workers Compensation Risk 75