Insurance Journal

JULY 15, 2024

South Carolina lawmakers next year may be asked to revamp a workers’ compensation employment test that judges have relied on for more than 50 years, if the state Supreme Court has its way. The court last week said that a …

Workers Comp 263

Workers Comp Compensation Workers Compensation Injury 263

AMAXX

OCTOBER 15, 2024

This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses. These programs should be tailored to each employee’s capabilities and should align with medical advice to prevent further injury.

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Workers Compensation Compensation Workers Comp Injury 94

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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Workers Comp Building Workers Compensation Compensation 90

AMAXX

AUGUST 21, 2024

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. 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.

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Workers Compensation Compensation Workers Comp Injury 99

AMAXX

OCTOBER 7, 2024

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%. Contact: mstack@reduceyourworkerscomp.com. All rights reserved under International Copyright Law.

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Workers Comp Claim Workers Compensation Compensation 94

AMAXX

SEPTEMBER 10, 2024

” Prompt Appointment Scheduling Time is of the essence when an injury occurs. Willingness to Handle Workers’ Compensation Cases Workers’ compensation cases come with unique requirements and responsibilities. Your preferred clinic should be able to schedule appointments quickly and without unnecessary delays.

Workers Comp 91

Workers Comp Workers Compensation Compensation Injury 91

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

NOVEMBER 5, 2024

Identifying red flag cases involving Medicare considerations early on is essential, especially for catastrophic injuries or workers nearing Medicare eligibility. 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 Compensation Compensation Claim Workers Comp 102

Property Insurance Coverage Law

AUGUST 30, 2024

Employer’s liability insurance protects businesses from lawsuits filed by employees who have suffered a work-related injury or illness.

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Liability Insurance Liability Workers Comp Workers Compensation Insurance 125

AMAXX

JANUARY 27, 2025

Revamping a workers compensation (WC) program can transform how companies manage costs and care for injured employees. Below, we explore common errors and provide actionable steps to begin reforming a workers’ comp program. Do supervisors and employees understand their roles in the post-injury process?

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Workers Comp Injury Workers Compensation Claim 69

Insurance Journal

OCTOBER 15, 2024

in the year ending March 31, resulting in an increase in California workers’ compensation temporary total disability and permanent total disability rates for 2025 work injury claims and other workers’ comp benefits … California’s State Average Weekly Wage rose nearly 3.8%

Workers Comp 147

Workers Comp Injury Compensation Claim 147

AMAXX

AUGUST 7, 2024

The higher the risk, the higher the workers’ compensation premium for that classification. These rules are established by rating organizations like the National Council on Compensation Insurance (NCCI) in most states, though some states have their own rating bureaus. Contact: mstack@reduceyourworkerscomp.com.

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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. Example: Consider a nurse who has suffered a back injury and is unable to perform patient transfers.

Workers Compensation 86

Workers Compensation Compensation Workers Comp Injury 86

AMAXX

FEBRUARY 17, 2025

The Link Between Trust and Outcomes A study conducted by the Workers Comp Research Institute (WCRI) highlights the crucial role that trust and fear play in an injured workers recovery and financial stability. These concerns could be addressed proactively with a structured post-injury communication plan.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

FEBRUARY 4, 2025

Return to Original Position Upon Full Recovery Once the employee reaches maximum medical improvement (MMI) , they return to their pre-injury job. 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 Compensation 72

AMAXX

AUGUST 27, 2024

Supervisors play a critical role in the management of workplace injuries. They are often the first to respond when an employee is hurt and are responsible for guiding both the injured employee and the organization through the post-injury process. First Responder Role: When an injury occurs, the supervisor is often the first to know.

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Injury Workers Comp Workers Compensation Compensation 95

AMAXX

DECEMBER 2, 2024

Managing work-related injuries and illnesses effectively requires a well-coordinated approach. By adhering to best practices, a medical director can significantly enhance the efficiency and outcomes of workplace injury management ( How to Calculate Cost per FTE Metric to Show Workers’ Comp as Profit Center ).

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Workers Compensation Compensation Workers Comp Injury 71

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. Communicate Expectations Clearly: Transparency fosters collaboration.

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Workers Comp Workers Compensation Injury Compensation 84

AMAXX

OCTOBER 1, 2024

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. However, this approach is unproductive. Instead of pointing fingers, focus on constructive dialogue.

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Workers Comp Claim Workers Compensation Compensation 81

AMAXX

JANUARY 20, 2025

Why EBM Matters in Workers’ Compensation Improved Medical Outcomes EBM enables healthcare providers to tailor treatment plans to the specific needs of injured workers, ensuring that interventions are both effective and necessary. By adhering to these recommendations, costs are reduced without compromising care quality.

Workers Compensation 92

Workers Compensation Compensation Workers Comp Injury 92

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.”

Injury 98

Injury Workers Comp Workers Compensation Compensation 98

AMAXX

DECEMBER 9, 2024

Eager and Compliant Employees Workers who are motivated to recover, comply with their treatment plans, and focus on their abilities are less likely to benefit from NCM. Non-Severe Injuries Without Lost Time Claims involving minor injuries that dont require time away from work typically dont justify the cost of nurse case management.

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Workers Compensation Compensation Workers Comp Injury 80

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

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 81

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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LexisNexis

OCTOBER 15, 2024

percent in the year ending March 31, 2024, which will result in an increase in California workers’ compensation temporary total disability (TTD) and permanent total disability (PTD) rates for 2025 work injury claims and other workers’ compensation benefits that are tied to SAWW increases. to $1,680.29

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Workers Comp Workers Compensation Injury Compensation 75

Insurance Journal

DECEMBER 30, 2024

ATLANTA (AP) A woman died and two other people were hospitalized with injuries after a fire at a Tyson Foods plant in southwest Georgia, state officials said Friday. A wall fell on the cab of an 18-wheel truck parked …

Injury 264

Injury Workers Comp Workers Compensation Commercial Property 264

Mark Jackson Insurance Agency

JUNE 17, 2024

Man Drilling into a Wooden Board by Thijs van der Weide Workers' compensation insurance is a fundamental aspect of running a business, providing vital protection for both employers and employees. Benefits for Employees For employees, the assurance that workers' comp insurance provides cannot be overstated.

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Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

AMAXX

JANUARY 15, 2025

Michael Stack, CEO of Amaxx LLC, is an expert workers compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers compensation costs by 20% to 50%. And that’s where the number, you know, 1.0

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Workers Comp Workers Compensation Premium Compensation 74

AMAXX

SEPTEMBER 23, 2024

These metrics are fundamental in determining the experience modification factor (often called “mod”), which ultimately influences the cost an employer will pay for workers’ compensation insurance. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Workers Compensation Premium Compensation Workers Comp 67

Insurance Journal

DECEMBER 19, 2024

A physician who worked for an Inland Empire medical company has agreed to plead guilty to conspiring to defraud California’s workers’ compensation trust fund by continuing to work on workers’ comp matters after being suspended due to a prior healthcare …

Workers Comp 147

Workers Comp Compensation Workers Compensation Injury 147

AMAXX

OCTOBER 28, 2024

Every session seemed to touch on AI in some form, particularly in how it’s being used in workers’ comp and claims analysis. Whether it’s the year 2025, 2030, or even 2300, these foundational elements will still guide how we manage claims and help workers. Contact: mstack@reduceyourworkerscomp.com.

Workers Comp 95

Workers Comp Workers Compensation Compensation Injury 95

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

Word & Brown

DECEMBER 10, 2024

All businesses with workers in California and Nevada are required to have Workers Compensation Insurance. But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? What Is Workers Comp? Nevada followed in 1913.

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Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

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

NOVEMBER 12, 2024

Portraits of Purpose” engagement activity at Paradigm’s booth, invited participants to share the driving force behind their work in the workers’ compensation industry. The emotional side of recovery is just as important as the medical, with participants keen to ensure that no injured worker feels alone. What’s Your Why?

Workers Comp 91

Workers Comp Workers Compensation Injury Compensation 91

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. Click Link to Access Free PDF Download “8 ‘Think Outside the Box’ Tactics to Settle Workers’ Comp Claims” PTD is a concept usually defined in statute but clarified in case law.

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Workers Compensation Compensation Workers Comp Injury 52