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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Workers Comp Premium Workers Compensation Compensation 59

AMAXX

MARCH 11, 2025

Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs. He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%. All state laws vary.

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Workers Comp Claim Workers Compensation Injury 52

AMAXX

FEBRUARY 18, 2025

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. What Are Classification Rules?

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Workers Compensation Compensation Workers Comp Premium 103

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. Workers compensation programs are multifaceted, and leaders often struggle to prioritize.

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AMAXX

FEBRUARY 24, 2025

Shall we touch base about this on our regular risk management conference call? He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%. You should consult with your insurance broker, attorney, or qualified professional.

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Workers Compensation Workers Comp Compensation Claim 66

AMAXX

MARCH 4, 2025

Workers who believe their jobs are at risk may delay their recovery, experience heightened stress, and ultimately cost their employers more in claims expenses due to prolonged disability or legal fees. FREE DOWNLOAD: “9-Element Blueprint To Create Your Workers’ Comp Employee Brochure” 5.

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Workers Compensation Compensation Claim Workers Comp 82

AMAXX

MARCH 17, 2025

How Incentives Shape Behavior in Workers Comp Incentivesboth financial and non-financialare at the heart of many workers’ comp challenges. View workers compensation as an adversarial process. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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Workers Comp Workers Compensation Injury Compensation 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

SEPTEMBER 9, 2024

Employers utilizing these strategies can significantly reduce workers’ compensation expenses, improve claim outcomes, and enhance their overall risk management processes. 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 Comp Injury Compensation Claim 102

AMAXX

FEBRUARY 18, 2025

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

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Workers Comp Injury Workers Compensation Compensation 91

AMAXX

DECEMBER 19, 2024

In the workers compensation realm, these small steps can have tangible impacts: Earlier Injury Reporting: When employees feel safe to report injuries without fear of retribution, claims can be addressed promptly, reducing medical costs and litigation risks. Do not use this information without independent verification.

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Workers Comp Workers Compensation Injury Compensation 98

AMAXX

FEBRUARY 10, 2025

Just as the Eagles didnt let distractions get in their way, companies cant afford to ignore how their leadership shapes workers comp outcomes. This mirrors the Eagles’ game plan execution staying focused on fundamentals and eliminating unnecessary risks. All state laws vary.

Injury 66

Injury Workers Comp Workers Compensation Claim 66

AMAXX

FEBRUARY 24, 2025

Non-Medical Professionals (Risk Managers, Adjusters, Employers) For risk managers and claims adjusters, EBM provides an objective framework for managing 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%. All state laws vary.

Workers Compensation 66

Workers Compensation Compensation Workers Comp Injury 66

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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Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

MARCH 4, 2025

Strategic Shift: View OSHA compliance not just as risk management but as a differentiator that sets your business apart. 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%.

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Workers Comp Workers Compensation Injury Compensation 71

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. For employers , it mitigates the risk of expensive and protracted litigation that could arise from workplace injuries. Employer Advantages The exclusivity rule saves employers from significant financial and reputational risks.

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Workers Compensation Compensation Workers Comp Injury 98

Word & Brown

APRIL 2, 2025

A Professional Employer Organization (PEO) is a firm that partners with small and mid-sized businesses to handle essential back-office functionslike payroll, HR, tax administration, workers comp, and employee benefits. Hi, broker. If your clients are asking about PEOs, dont risk losing business to a competitor.

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Workers Comp Broker Workers Compensation Insurance Broker 52

AMAXX

AUGUST 7, 2024

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. What Are Classification Rules?

Workers Compensation 102

Workers Compensation Compensation Workers Comp Premium 102

AMAXX

SEPTEMBER 16, 2024

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers’ Comp In 90 Days” The Importance of a Consistent Post-Injury Response A well-documented and standardized post-injury response plan offers multiple benefits. You should consult with your insurance broker, attorney, or qualified professional.

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Injury Workers Compensation Compensation Workers Comp 105

AMAXX

AUGUST 26, 2024

In Scenario B , Supervisor B’s proactive approach in seeking immediate medical attention reduces the risk of the injury getting worse. Here’s why adopting Supervisor B’s approach can be beneficial: Reduced Costs and Legal Risks: Compassionate and immediate responses to injuries reduce the likelihood of litigation and associated legal costs.

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Injury Workers Comp Workers Compensation Compensation 105

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. All state laws vary.

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Workers Comp Compensation Workers Compensation Injury 94

AMAXX

AUGUST 21, 2024

The need for surgery often signals more serious injuries, which not only have higher immediate costs but also pose substantial risks for future complications. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” All state laws vary.

Workers Compensation 105

Workers Compensation Compensation Workers Comp Injury 105

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

AMAXX

OCTOBER 8, 2024

A patient assistant could take over the patient transfer responsibilities, allowing the nurse to continue working without risk of further injury. Examples include volunteering as a reader at a nursing home or helping out at an animal shelter by engaging in light, low-risk activities. All state laws vary.

Workers Compensation 104

Workers Compensation Compensation Workers Comp Injury 104

AMAXX

JULY 15, 2024

Stay Informed: Risk managers and HR personnel should stay informed about the workplace environment and maintain open communication with supervisors. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” All state laws vary.

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Workers Compensation Compensation Claim Workers Comp 83

AMAXX

OCTOBER 24, 2024

By offering physical therapy as part of a rehabilitation plan, employers can speed up recovery and reduce the risk of long-term disability. This not only benefits the employee but also the employer by reducing workers’ compensation costs and minimizing downtime. What Is Occupational Therapy? All state laws vary.

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Workers Compensation Compensation Injury Workers Comp 105

AMAXX

NOVEMBER 19, 2024

For instance, unions may resist placing an employee in a different role for fear of safety risks. 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%.

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Workers Comp Workers Compensation Injury Building 98

AMAXX

JULY 29, 2024

This blog draws on detailed practices and insights from the Ultimate Guide to Mastering Workers’ Comp Costs; ensuring it aligns with the latest industry standards and regulatory requirements. 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 Injury Compensation Workers Comp 59

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

Workers Compensation 52

Workers Compensation Compensation Workers Comp Injury 52

AMAXX

JANUARY 28, 2025

The Problem: A widespread mistake is using Across-the-Board Cost Allocation , where workers’ compensation costs are distributed evenly among divisions based on employee count or another arbitrary factor. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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Workers Comp Policy Workers Compensation Injury 84

AMAXX

FEBRUARY 10, 2025

FREE DOWNLOAD: “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Perception of Risk Thispersonhasnot.Theyhavethey’rethey’rethey’renotthey’renotpayingtheirbillsastimely,whichisjustaperceptionofthatrisk. All state laws vary.

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