This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
By understanding the role fear plays in workerscompensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. The Link Between Fear and Litigation Studies have consistently identified fear as a major driver of workerscompensation litigation. All state laws vary.
Many companies operate under an unwritten rule: accept every workerscompensation claim, no questions asked. A well-managed workerscompensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.
Exclusivity: Protection Against Lawsuits One of the most significant benefits of workerscompensation for employers is the exclusive remedy provision. Under this system, employees who accept workerscompensation benefits for a work-related injury or illness forfeit the right to sue their employer for negligence.
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.
Medicare Set-Aside (MSA) Requirements: Federal law requires that Medicare’s interests be protected in WC settlements. Identifying red flag cases involving Medicare considerations early on is essential, especially for catastrophic injuries or workers nearing Medicare eligibility. All rights reserved under International Copyright Law.
With this step in place, you now have legal protection and a process that objectively determines whether someone can safely perform the role. Step 5: Baseline Testing Protect Your Claims and Documentation One often-overlooked opportunity in hiring is establishing a baseline health record. All state laws vary.
By taking these measures, employers can protect their employees, reduce costs, and foster a safer and healthier workplace. 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%.
How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. Incorporate Your Business Structure your business as a Limited Liability Company (LLC) or Corporation to protect personal assets. Looking for a quote now?
At the same time, companies must navigate various state and federal laws like the Worker Adjustment and Retraining Notification (WARN) Act, which requires advance notice for mass layoffs or plant closures, allowing employees to plan their future employment. You should consult with your insurancebroker, attorney, or qualified professional.
As a general rule, workerscompensationinsurance is the primary insurance, which requires the claim team to investigate and make determinations regarding compensability and subrogation rights. These sensors only deploy corresponding airbags to protect the vehicle occupants (front, side, or head curtain airbags).
In the complex world of workerscompensation, risk managers play a vital role in aligning strategic oversight with day-to-day claims operations. Heres a closer look at best practices every risk manager should be following to create a high-performing, cost-effective workerscompensation program. All state laws vary.
Such clear documentation helps protect the company against later claims that allege workplace aggravation of pre-existing conditions. This post is one in a 2-part series: Part 1: Layoff Planning to Control Workers Comp Claims Part 2: Layoff Planning to Control Workers Comp Claims 3. All state laws vary.
The written release helps protect both parties from future misunderstandings regarding job responsibilities and recovery needs. Willingness to Handle Workers’ Compensation Cases Workers’ compensation cases come with unique requirements and responsibilities. All rights reserved under International Copyright Law.
Effectively managing workerscompensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Surveillance serves as a powerful tool in validating claims, protecting your organizations financial health, and ensuring resources are dedicated to genuinely injured employees.
This balance is crucial to preventing future injuries and protecting the company from potential liabilities. 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%.
The lack of support and the implied threat regarding the promotion could lead the employee to seek legal counsel to protect their rights and secure compensation for their injury. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”
If such a captive insures only the risks of its parent or subsidiaries, it is called a “pure” captive. The global insurancebroker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020.
Some insurers offer Short-Term Disability (STD) coverage. Others offer Long-Term Disability (LTD) insurance. Shorter-term protection typically pays between 40% and 70% of a persons base salary for three to six months. Disabilities that could last longer than a year may be covered by LTD insurance. Some offer both.
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.
By Julius Young, Richard Jacobsmeyer, Barry Bloom, Editors-in-Chief for Herlick, California Workers’ Compensation Handbook [Note: This article is excerpted from the upcoming 2025 edition of Herlick, California Workers’ Compensation Handbook. The AI revolution is starting to come to workers’ compensation.
The research offers a clear call to action for employers aiming to protect their workforce and control costs. Michael Stack, CEO of Amaxx LLC, is an expert in workerscompensation cost containment systems and provides education, training, and consulting to help employers reduce their workerscompensation costs by 20% to 50%.
All businesses with workers in California and Nevada are required to have WorkersCompensationInsurance. 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.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content