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

Compliance ✔- DOL Adopts Revised Enforcement Policies for COVID-19

May 20, 2020 | Risk Management, Safety

Updated 6/4/2020: OSHA recommends businesses take steps to protect workers. Doing so could prevent illness, temporary business closures and workers compensation claims. Multiple COVID-19 cases in a business could indicate the business did little to protect workers,...

Our New Loss Control Guide for Apartments and Condos

May 12, 2020 | Business Insurance, Condo Associations, Real Estate, Risk Management, Safety

As we have seen with the COVID-19 outbreak, you can’t always predict when a major incident will occur. Therefore, it is essential, now more than ever, to implement the right loss control program, particularly if you are managing a property—whether it be an apartment,...

CDC Expands List of COVID-19 Symptoms Beyond Originally Published

Apr 29, 2020 | Risk Management, Safety

The CDC has added to the list of COVID-19 symptoms: The complete list of COVID-19 symptoms is: Fever Cough Shortness of breath or difficulty breathing Chills Repeated shaking with chills Muscle pain Headache Sore throat New loss of taste or smell If you develop...