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 with OSHA’s Hand and Powered Portable Tool Standard

Jun 2, 2023 | Business Insurance, Construction, Manufacturing, Risk Management, Safety

Most workplaces utilize some form of hand and portable powered tools. OSHA covers these tools for general industry in 29 CFR 1910 Subpart P and for construction in 29 CFR 1926 Subpart I. Here are a few important general notes: All tools, whether supplied by the...

Hardening Property Market Prompts Difficult Conversations, Lengthy Renewals

Jun 1, 2023 | Business Insurance, Condo Associations, Risk Management

Hardening property insurance market conditions mean brokers must start conversations early, endure longer renewal processes, and skillfully deliver potentially bad news to clients, according to Risk Placement Services’ 2023 U.S. Property Market Outlook. Property...

Mobile Elevating Work Platforms (MEWP)

Apr 11, 2023 | Business Insurance, Construction, Manufacturing, Risk Management, Safety

Mobile Elevating Work Platforms (MEWP) are used extensively. Are you meeting safety requirements? Are employees well-trained? Untrained workers cannot be expected to make safe decisions if they do not know the risks. Do you have a rescue plan when using a MEWP?...