Workers' Comp is the way you finance employee injuries. For every dollar the insurance company spends. You are likely to pay back $2.00 to $3.00 It's our job to stop the borrowing at such high interest rates.
Because Workers' Comp is so complicated and confusing, you are left to assume that your premium audit reports are accurate and your Experience Modification Factors are correct. However, because of mistakes rampant in the Workers' Compensation system at least 50% of businesses are overcharged for their Workers' Comp insurance. Plus, once one of your employees suffers an injury that is not managed correctly, the financial and emotional impact could be destructive.
To help you wrest control back from the insurance companies, we have created a copyrighted 20-step process.
You’ll receive important information to help you avoid overcharges on your workers’ compensation.
Discuss your company’s growth positioning and risk improvement strategies.
You would not go to an IRS audit without expert advice, would you? Don’t allow the insurance company auditor to audit without the same expert guidance.
Our task is to help you improve your business and employee lifestyle.
Prevent injuries and manage injuries with a microscope. That’s how to crush your Workers’ Comp costs. If not, your experience modification factor may skyrocket out of control.
May 20, 2013 Dear Ray: I am writing to thank you for helping me better understand the inner workings of Workers Compensation insurance. While I have had quite a bit of safety management experience, I had never learned or really...
Dear Ray, Three years ago, we made the decision to switch our insurance to another agency because we heard that they were the best. We were wrong. Everything started great, but went downhill as more time passed. We went back...
Injury & Illness Reporting and Recordkeeping rule More employers will be required to submit workplace injury and illness information under a final rule released by the Occupational Safety and Health Administration (OSHA) on July 17. The new rule updates the list of...
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The summer season brings unique hazards that have persistently led to more injuries than any other season. Greater product demand, longer working hours, extreme temperatures, poorly trained seasonal workers, vacation schedules, dangerous storms and wildfires, increased road construction, and congested...
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In 2021 WorkComp Advisors noticed that auditors were being far more aggressive than they had been in the past. In some respects, it was understandable. Payrolls and worker's comp net written premium were down significantly in 2020 and it’s the...
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The November 2021 Bureau of Labor Statistics (BLS) recently released data on workplace injuries and illnesses, and the results are concerning. According to the report, although fatal injuries decreased, the rate of nonfatal injuries and illnesses in private industry increased...
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