Insurance Broker, Insured and Workers Compensation

Two Main Reasons Why Workers’ Compensation Costs Skyrocket

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. Visit Amaxx Workers’ Comp Training Center for more insights and resources on effective workers’ compensation management.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

Understanding Classification Rules in Workers’ Compensation

AMAXX

AUGUST 7, 2024

Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. The higher the risk, the higher the workers’ compensation premium for that classification. You should consult with your insurance broker, attorney, or qualified professional.

Workers Compensation

Workers Compensation Compensation Workers Comp Premium

2 Major Types of Transitional Duty in Workers’ Compensation

AMAXX

OCTOBER 8, 2024

Reduces Workers’ Compensation Costs : Keeping employees engaged in transitional duty roles helps reduce the overall costs associated with workers’ compensation claims. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

Blog Post: Frequently Asked Questions on Complex Employment Issues for California Workers’ Compensation

LexisNexis

OCTOBER 10, 2024

Rassp, Presiding Judge, WCAB Los Angeles, California Division of Workers’ Compensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of Workers’ Compensation, or the WCAB, or any other entity or individual.

Workers Compensation

Workers Compensation Compensation Workers Compensation Insurance Injury

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

AMAXX

AUGUST 21, 2024

In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. Reserves are the funds set aside by an insurer to cover the future costs of a claim, including medical expenses, lost wages, and other associated costs. Is the Cost for the Claim for Life? All state laws vary.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

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

AMAXX

SEPTEMBER 16, 2024

FREE DOWNLOAD: “Step-By-Step Process To Master Workers’ Comp In 90 Days” Document the Incident All workplace injuries should be properly documented as soon as possible. Proper documentation not only aids in managing the workers’ compensation claim but also helps protect the employer against potential legal challenges.

Injury

Injury Workers Compensation Compensation Workers Comp

The Role of an Injury Coordinator in Workers’ Compensation Management

AMAXX

JULY 29, 2024

Communication Management Act as the primary point of contact between the injured employee, supervisors, medical providers, and insurance adjusters. Claims Management Oversee the workers’ compensation claims process, ensuring timely filing and follow-up. For additional resources and training, visit WCManual.com.

Workers Compensation

Workers Compensation Injury Compensation Workers Comp

Part 1: Permanent Total Disability in Workers’ Compensation: Now What?

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. Workers’ Comp Roundup Blog: [link] Injury Management Results (IMR) Software: [link] ©2024 Amaxx LLC. You should consult with your insurance broker, attorney, or qualified professional.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

Avoid 2 Common Pitfalls That Delay Care in Workers’ Compensation Claims

AMAXX

JULY 15, 2024

Unfortunately, a common procedural mistake can leave employees in a painful and detrimental limbo: the delay of care due to technicalities in insurance coverage. As a result, the workers’ compensation insurance carrier decides not to pay for the treatment until they determine the claim’s compensability.

Workers Compensation

Workers Compensation Compensation Claim Workers Comp

Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

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.

Workers Comp

Workers Comp Claim Workers Compensation Compensation

Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

AMAXX

SEPTEMBER 10, 2024

Efficient Communication of Medical Records Communication is critical, especially when it comes to sharing medical records with insurance claims adjusters or your company. Willingness to Handle Workers’ Compensation Cases Workers’ compensation cases come with unique requirements and responsibilities.

Workers Comp

Workers Comp Workers Compensation Compensation Injury

Workers’ Comp Claims Audit: Initial Action Plan Checklist

AMAXX

OCTOBER 7, 2024

If the file is reportable to an insurer, excess carrier, or any other party, the date the reporting will be completed. 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%.

Workers Comp

Workers Comp Claim Workers Compensation Compensation

Effective Communication with Injured Workers: Best Practices for Success

AMAXX

AUGUST 12, 2024

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Proper communication helps facilitate a smooth return-to-work process and plays a crucial role in maintaining the injured worker’s morale and engagement with the organization.

Workers Comp

Workers Comp Workers Compensation Injury Compensation

Part 3: Permanent Total Disability – Other Defenses to Consider

AMAXX

JULY 9, 2024

These matters must be considered when seeking to maximize the efficiency of any workers’ compensation program and reduce costs. Consider Vocational Retraining Retraining is a dirty word in workers’ compensation, given the expenses associated with the process. Evaluate the various options. All state laws vary.

Workers Compensation

Workers Compensation Workers Comp Injury Compensation

Pandemic Fuels Growth in Captive Insurance

Triple-I: Workers Compensation

APRIL 4, 2022

By Max Dorfman, Research Writer The coronavirus pandemic and the financial challenges it presents have fueled growth in captive insurance – a form of self-insurance in which one or more entities establish their own insurance company. They also may insure the risks of organizations other than their major owners.

Workers Compensation

Workers Compensation Insurance Insurer Insured

Navigating the Conflicting Roles of Supervisors in Workplace Injury Management

AMAXX

AUGUST 27, 2024

Building on Success: Enhancing Existing Practices Once a comprehensive injury management program is in place, it’s important to build on existing internal processes to closely manage workers’ compensation and improve overall safety outcomes. You should consult with your insurance broker, attorney, or qualified professional.

Injury

Injury Workers Comp Workers Compensation Compensation

Part 2: Permanent Total Disability – Focus in On Job Search

AMAXX

JULY 8, 2024

Expert and Employee Depositions: Expert depositions are usually used as direct evidence at workers’ compensation hearings. Now is the time to implement these best practices into the claim-handling process to reduce workers’ compensation program costs. Prepare for such evaluation as the one who has the IME.

Workers Comp

Workers Comp Workers Compensation Injury Compensation

Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

JULY 30, 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%. You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp

Workers Comp Risk Workers Compensation Injury

Navigating Difficult Return to Work Scenarios: Strategies and Best Practices

AMAXX

SEPTEMBER 3, 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%. You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp

Workers Comp Injury Workers Compensation Compensation

5 Proven Strategies for Physician Oversight to Contain Workers’ Comp Medical Costs

AMAXX

SEPTEMBER 9, 2024

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Employers and insurance companies face the challenge of controlling medical costs while ensuring that injured employees receive the care they need. All rights reserved under International Copyright Law.

Workers Comp

Workers Comp Injury Compensation Workers Compensation

Quiz: Supervisor Response to a Workplace Injury – How Would You Respond?

AMAXX

AUGUST 26, 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%. You should consult with your insurance broker, attorney, or qualified professional.

Injury

Injury Workers Comp Workers Compensation Compensation

The Importance of Return-to-Work Programs

AMAXX

JULY 23, 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%. You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp

Workers Comp Injury Workers Compensation Compensation

Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

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.

Workers Compensation

Workers Compensation Premium Compensation Workers Comp

Insurance Industry Brief

Two Main Reasons Why Workers’ Compensation Costs Skyrocket

Understanding Classification Rules in Workers’ Compensation

Trending Sources

2 Major Types of Transitional Duty in Workers’ Compensation

Blog Post: Frequently Asked Questions on Complex Employment Issues for California Workers’ Compensation

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

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

The Role of an Injury Coordinator in Workers’ Compensation Management

Part 1: Permanent Total Disability in Workers’ Compensation: Now What?

Avoid 2 Common Pitfalls That Delay Care in Workers’ Compensation Claims

Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

Workers’ Comp Claims Audit: Initial Action Plan Checklist

Effective Communication with Injured Workers: Best Practices for Success

Part 3: Permanent Total Disability – Other Defenses to Consider

Pandemic Fuels Growth in Captive Insurance

Navigating the Conflicting Roles of Supervisors in Workplace Injury Management

Part 2: Permanent Total Disability – Focus in On Job Search

Workers’ Comp Cost Formula To Accurately Assess Your Risk

Navigating Difficult Return to Work Scenarios: Strategies and Best Practices

5 Proven Strategies for Physician Oversight to Contain Workers’ Comp Medical Costs

Quiz: Supervisor Response to a Workplace Injury – How Would You Respond?

The Importance of Return-to-Work Programs

Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

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