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Two Main Reasons Why Workers’ Compensation Costs Skyrocket

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This post will dive into the two primary reasons why workerscompensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx WorkersComp Training Center.

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Workers’ Comp Claims Audit: Initial Action Plan Checklist

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

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4 Step Process to Successfully Settle More Workers’ Compensation Claims

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

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Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

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Willingness to Handle WorkersCompensation Cases Workerscompensation cases come with unique requirements and responsibilities. Your preferred provider must not only accept workerscompensation cases but also be well-versed in the reporting and communication needs involved. All state laws vary.

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

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When managing workerscompensation, 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’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

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Click Link to Access Free PDF Download “Step-By-Step Process To Master WorkersComp In 90 Days” The Importance of a Consistent Post-Injury Response A well-documented and standardized post-injury response plan offers multiple benefits. This includes gathering witness statements and creating an incident report.

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Understanding Classification Rules in Workers’ Compensation

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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 workerscompensation premium for that classification. You should consult with your insurance broker, attorney, or qualified professional.