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Understanding Classification Rules in Workers’ Compensation

AMAXX

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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How Fear Impacts Workers’ Compensation Claims (and What to Do About It)

AMAXX

By understanding the role fear plays in workers compensation 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 workers compensation litigation. All state laws vary.

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What is Evidence-Based Medicine in Workers’ Compensation

AMAXX

Evidence-Based Medicine (EBM) plays a critical role in workers compensation, guiding both medical professionals and non-medical stakeholders in making informed decisions about injury treatment, recovery time, and return-to-work strategies. You should consult with your insurance broker, attorney, or qualified professional.

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How to Tell If You Need a Nurse Case Manager for Your Workers’ Compensation Claim

AMAXX

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%. Workers’ Comp Roundup Blog: [link] 2024 Amaxx LLC. All state laws vary.

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2 Common Mistakes In Workers’ Comp Doctor Selection

AMAXX

Consider the case of Jane, a worker who sustained a severe back injury. She was given a list of four medical providers but found that: Two providers did not accept workers compensation patients. One provider accepted workers compensation but was not taking new patients. Are currently accepting new patients.

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Understanding the Key Parties in Workers’ Compensation

AMAXX

Lets explore the roles of these critical players in a workerscompensation system. Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workerscompensation policy and assumes the employers risk.

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Understanding Classification Rules in Workers’ Compensation

AMAXX

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?