AMAXX

MARCH 10, 2025

Here are six critical actions your company can take before a planned layoff to effectively manage and potentially reduce workers compensation claims: 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 1.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 10, 2025

In the first part of our series, we emphasized the importance of thoughtful layoff planning to mitigate the risk of increased workers’ compensation claims following a workforce reduction or facility closure. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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Workers Comp Claim Workers Compensation Injury 59

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%.

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Workers Comp Claim Workers Compensation Injury 52

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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Workers Comp Building Workers Compensation Compensation 105

AMAXX

FEBRUARY 18, 2025

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers compensation premium for that classification.

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Workers Compensation Compensation Workers Comp Premium 103

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

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%. Ask the following: Do you have any suggestions for when we should use nurses and what types of claims?

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Workers Compensation Workers Comp Compensation Claim 66

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

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

Central Insurance

OCTOBER 28, 2024

Learn more about the key pool contractor insurance policies, from liability to Workers' Comp, to protect against risks and ensure business success. The post Pool Contractor Insurance: The Five Policies You Need for Your Business appeared first on Central Insurance Blog.

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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.

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Workers Comp Workers Compensation Injury Compensation 98

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

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

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.

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Injury Workers Comp Workers Compensation Claim 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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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%.

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Workers Compensation Compensation Workers Comp Injury 66

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

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

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. If your clients are asking about PEOs, dont risk losing business to a competitor. Hi, broker. Any suggestions?

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Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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Workers Compensation Liability Property Damage Injury 52

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. This includes gathering witness statements and creating an incident report.

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Injury Workers Compensation Compensation Workers Comp 105

Triple-I: Workers Compensation

JUNE 10, 2024

I recently assumed responsibility for forecast modeling of the property/casualty industry, which includes workers comp. According to NCCI, the success of the workers comp line in recent years represents the convergence of three factors: Payroll increases Moderate severity increases, and Larger-than-expected frequency declines.

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Workers Comp Workers Compensation Compensation Claim 40

AMAXX

AUGUST 7, 2024

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers’ compensation premium for that classification.

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Workers Compensation Compensation Workers Comp Premium 102

PSM Brokerage

FEBRUARY 27, 2025

Yet, many Americans dont realize the financial risks of losing their paycheck due to illness or injury. or Wont workers' comp cover me? As an insurance agent, you know that protecting a clients income is just as important as protecting their health, home, or life. with clear, compelling answers.

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Agents Workers Comp Insurer Insured 59

LexisNexis

OCTOBER 8, 2024

of the California workers’ comp Migraine Drug spend and by 2021 it represented 8.8% of California workers’ comp migraine prescriptions but at an average of $617 per prescription it represented 8.6% of workers’ comp Migraine prescriptions, but with an average payment of $1,426 it represented 17.2%

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Workers Comp Workers Compensation Compensation Injury 40

Risk Management Monitor

DECEMBER 20, 2022

Provider fraud is increasingly prevalent in California and Florida due to each state’s workers comp rules. For instance, in California, a provider can file their own lien with the Workers’ Compensation Appeals Board, even if the bill was denied. California is the only state that allows providers to file their own adjudication.

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Workers Comp Workers Compensation Compensation Claim 40

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.

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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%.”

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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.

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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%.”

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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?

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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

Rough Notes

DECEMBER 2, 2024

Delivering better workers comp claims analysis by adding data-driven benchmarking and risk mitigation The entire goal of Mod Advisor, an internet-based application, is to simplify and streamline the analysis process.

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Simply Insurance

MARCH 17, 2025

Workers' compensation insurance rates vary by state due to location, industry risks, and policy coverage. The Hartford is a top choice for workers' compensation insurance due to its competitive pricing and comprehensive coverage. The national average cost is approximately $1,128 per year.

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Workers Compensation Insurance Workers Compensation Compensation Insurer 52