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

OSHA Trade Release Regarding Penalty Increases

Jan 15, 2021 | Risk Management, Safety

On January 13, 2021, OSHA announced increases in civil penalty amounts that become effective January 15, 2021. This increase is required under the Congressional Federal Civil Penalties Inflation Adjustment Act. State Occupational Safety and Health Plans, such as IN,...

Alabama COVID-19 Vaccination Allocation Plan

Jan 14, 2021 | Risk Management, Safety, Wellness

The Alabama Department of Public Health (ADPH) is distributing the COVID-19 vaccine according to their vaccination allocation plan that was approved by the CDC. Distribution of the vaccine is currently going to healthcare workers and residents of long term care...

OSHA Recordkeeping Forms – Requirements and Guidelines

Dec 29, 2020 | Business Insurance, Risk Management, Safety

The Occupational Safety and Health Act (OSH Act) requires covered employers to prepare and maintain records of certain occupational injuries and illnesses. The Occupational Safety and Health Administration (OSHA) is responsible for administering the recordkeeping...