Workers Compensation

P&C Services

This is arguably the most controllable area of insurance — and the largest area where costs can get out of hand.

You may be familiar with the term Third Party Administrator (TPA). TPAs file and manage workers compensation claims for companies that self-insure this risk rather than buying a guaranteed-cost policy from an insurer.

We advise our clients in many of the same ways, but we also do this for clients that are not self-insured.

What does this look like for you? A typical workers comp claim adjuster at a national insurer may have over 500 cases to manage at any given time. It is understandably difficult to accurately stay on top of each and every claim.

Our team can encourage the claim along to closure and keep costs down while doing so. This could include recommending a nurse case manager for an employee suspected of opioid addiction; helping order a private investigation for a claimant with a suspicion of fraud; or overseeing return-to-work program participation.

Workers Comp claim management can be of critical importance six months prior to renewal.

This is the date when the National Council on Compensation Insurance (NCCI) calculates your Experience Modifier (E-Mod) for your upcoming Workers Comp policy. Since the E-Mod is a direct multiplier to your insurance premium, if we can get a claim closed prior to this date, we will save you real premium dollars for future years.

The Bottom Line

If you’re in an industry where the E-Mod can be the difference between winning a contract or not, we can actually help increase your total revenue and profitability.

Find Out How

FROM THE BLOG

Business Insurance Insights

Pfizer-BioNTech Vaccine Fully Approved by FDA

Aug 23, 2021 | Employee Benefits, Human Resources, Risk Management

On Monday, Aug. 23, 2021, the Food and Drug Administration (FDA) gave full approval to the Pfizer-BioNTech coronavirus vaccine, now known as Comirnaty. It is the first full approval of any coronavirus vaccine in the United States. The other vaccines, Moderna and...

Know Your Limits: August Wrap-up of Mid-market Business Losses

Aug 19, 2021 | Business Insurance, Condo Associations, Real Estate

Judge Awards Initial $150 Million for Victims of Florida Condo Collapse Liability Following the June collapse of a 12-story oceanfront condominium, a Florida judge has granted victims and families who suffered losses a minimum of $150 million in shared compensation....

Protecting Workers – Updated Guidance from OSHA

Aug 13, 2021 | Compliance Check, Safety

On Friday August 13, OSHA updated its Guidance on Mitigating and Preventing the Spread of COVID–19 in the Workplace. For fully vaccinated workers located in areas of substantial or high community transmission, OSHA's guidance is to: Wear a mask in public indoor...