AMAXX

MAY 27, 2025

In the world of workers compensation, few factors have a more immediate and measurable impact on claim outcomes than lag time the delay between when an injury occurs and when it is reported to the carrier or third-party administrator (TPA). Beyond four weeks , claim costs jumped 31%. Here’s what you need to know. litigation rate.

Claim 71

Claim Workers Comp Injury Workers Compensation 71

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

Neilson Marketing Services

NOVEMBER 4, 2024

For retail insurance brokers and MGAs, a well-built insurance website isn’t just about aesthetics; it’s about credibility, generating leads, and staying competitive. Local SEO: Optimize for local search terms like “home insurance in [town]” or “auto insurance near [location].”

Insurance Broker 110

Insurance Broker Building Broker Broker-Agent 110

AMAXX

MARCH 4, 2025

Research has shown that fear of being fired is one of the top predictors of negative claim outcomes, including increased litigation rates and extended time off work. By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. Heres how: 1.

Workers Compensation 82

Workers Compensation Compensation Claim Workers Comp 82

AMAXX

MARCH 18, 2025

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.

Workers Compensation 71

Workers Compensation Compensation Claim Workers Comp 71

ProWriters

MAY 20, 2025

On the other hand, its becoming a powerful tool for insurers, helping to assess risk, detect fraud, and streamline claims. So, where does this leave Cyber Insurance brokers? More scrutiny on claims, as regulators push for clearer definitions of cyber risk coverage. Somewhere between opportunity and uncertainty.

Cyber 53

Cyber Broker Risk Insurance Broker 53

ProWriters

JUNE 4, 2025

Thats the model Cyber Insurance brokers are starting to expect from their carriers. Coalition combines coverage with hands-on support , making it easier for brokers to offer policies that do both. Below are three ways Coalitions approach helps brokers deliver better client outcomes.

Insurance Broker 61

Insurance Broker Cyber Broker Protection 61

AMAXX

MAY 6, 2025

Employers struggling with first-year injuries, high turnover, or repeat claims often have something in common: a reactive hiring process. This also ensures compliance and reduces liability for wrongful injury claims. Theyre moving fast, skipping steps, and taking on avoidable risk. But what if hiring was treated like risk management?

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Workers Comp Claim Injury Workers Compensation 84

AMAXX

FEBRUARY 24, 2025

However, there are times when the NCM doesn’t serve a specific purpose and is assigned to the claim to get it moving. Ask your third-party administrator or adjuster to work with you to determine when nurses are needed to resolve claims quickly and ensure good-quality medical care for employees. All state laws vary.

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Workers Compensation Compensation Workers Comp Claim 66

AMAXX

FEBRUARY 17, 2025

However, implementing strong communication strategies can significantly improve claim outcomes and reduce unnecessary legal battles. The 2014 Predictors of Worker Outcomes Study surveyed 4,800 injured workers across 12 states and found that fear of being fired was a major predictor of poor claim outcomes.

Workers Comp 66

Workers Comp Claim Workers Compensation Injury 66

AMAXX

MARCH 10, 2025

Proper layoff planning isn’t just about handling employment transitions; it’s crucial for controlling claims costs and ensuring that resources are available to support genuinely injured workers. Enhance Claims Handling Capacity Prepare for an uptick in claims by adding staff who can handle the additional workload effectively.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 10, 2025

In the first part of our series, we emphasized the importance of thoughtful layoff planning to mitigate the risk of increased workers’ compensation claims following a workforce reduction or facility closure. Be meticulous in updating personnel files, health insurance documentation, and records of sick leave.

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Workers Comp Claim Workers Compensation Injury 59

Top Insurance Blogs

JUNE 10, 2025

Are you aware of your business insurance claim and how to make use of it? And what are the steps for filing a business […] The post What You Need to Know About Filing a Business Insurance Claim appeared first on My Top Insurance Blogs.

Insurance Claim 52

Insurance Claim Business Insurance Claim Property Damage 52

Smart Insurance Agents

OCTOBER 16, 2024

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. What is a medical health insurance broker?

Insurance Broker 52

Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 52

AMAXX

OCTOBER 1, 2024

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. Here’s how to effectively plan and prepare for a successful claim audit or review.

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Workers Comp Claim Workers Compensation Compensation 102

AMAXX

MAY 22, 2025

In the high-stakes world of workers compensation, the moments following a workplace injury can define the entire outcome of a claim. Claims cost, duration, employee trust, litigation riskit all hinges on whats said (or not said) in those first few minutes. The average claim duration also plummeted: Negative response: 33.5

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Injury Workers Comp Workers Compensation Claim 98

AMAXX

MAY 26, 2025

But beneath the surface lies an intricate, interconnected web of stakeholders, each playing a unique role in managing the outcome of the claim. Insurance Carrier The carrier underwrites the policy and carries the financial risk for claims (in guaranteed cost programs). They’re also known as the insurer or underwriter.

Workers Comp 66

Workers Comp Workers Compensation Injury Claim 66

AMAXX

APRIL 23, 2025

Efficient management of workers’ compensation claims significantly impacts both employee recovery outcomes and organizational costs. Intervention Identification: Recognize when additional claims management or medical interventions are necessary.

Injury 83

Injury Workers Comp Workers Compensation Claim 83

AMAXX

MAY 19, 2025

The workers compensation system may feel like a complex web of insurance premiums, claims adjusters, and legal disputesbut at its core, its rooted in one simple idea: a compromise. Small companies especially found themselves at risk of being put out of operation entirely after just one major injury claim.

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Workers Comp Injury Workers Compensation Claim 89

AMAXX

APRIL 30, 2025

When a workers compensation claim spirals into a costly, prolonged, or litigated nightmare, most people instinctively look for a technical failure: late paperwork, a coverage issue, or a misstep by the claims adjuster. The real reason many workers comp claims go off the rails? And guess what?

Workers Comp 59

Workers Comp Claim Workers Compensation Injury 59

AMAXX

JUNE 3, 2025

While much attention is given to claims handling, medical coordination, and return-to-work strategies, the foundation of a successful claim is built long before the incident takes place. That emotional state is one of the top reasons claims escalate, litigation occurs, and costs rise. They dont need to wonder, Am I on my own?

Injury 88

Injury Workers Comp Workers Compensation Compensation 88

AMAXX

JANUARY 21, 2025

By setting clear expectations, these guidelines help manage claims efficiently, promote recovery, and ensure equitable treatment for injured workers. Injury Duration Guidelines provide a standardized approach to assessing claims, reducing the variability that can arise from subjective decision-making.

Workers Comp 98

Workers Comp Injury Workers Compensation Compensation 98

Property Insurance Centre

FEBRUARY 24, 2025

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE 1.

Liability 52

Liability Protection Claim Property Insurance 52

AMAXX

OCTOBER 7, 2024

Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. In fact, according to the RIMS 2009 Annual Benchmark Survey, 90% of companies had conducted a claim audit or review of at least some of their claims within the previous six months.

Workers Comp 105

Workers Comp Claim Workers Compensation Compensation 105

Word & Brown

AUGUST 1, 2024

A Health Insurance broker – sometimes called an insurance agent – is a licensed professional who works with individuals and businesses to help them shop for and compare insurance policies. Health Insurance, especially, is something people need, but may not really understand.

Broker 52

Broker Insurance Broker Broker-Agent License 52

AMAXX

APRIL 23, 2025

Understanding EBM helps stakeholdersfrom medical professionals to claims managersmake informed decisions grounded in high-quality research and best practices. Its crucial for stakeholders, particularly medical professionals and claims managers, to understand and comply with state-specific guideline requirements. All state laws vary.

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Workers Compensation Compensation Workers Comp Injury 95

AMAXX

MARCH 24, 2025

FREE DOWNLOAD: “Workers’ Comp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” To effectively manage this process, detailed record-keeping is essential. You should consult with your insurance broker, attorney, or qualified professional. All rights reserved under International Copyright Law.

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Workers Comp Premium Workers Compensation Compensation 104

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Surveillance serves as a powerful tool in validating claims, protecting your organizations financial health, and ensuring resources are dedicated to genuinely injured employees.

Workers Comp 52

Workers Comp Claim Workers Compensation Injury 52

AMAXX

JANUARY 27, 2025

Legacy claims that linger unresolved. Use diagnostic questions to analyze your current WC program: Are claims reported within 24 hours? What is the status of open or legacy claims? Implement a culture of immediate claim reporting: Ensure claims are reported within 24 hours. Lack of supervisor training.

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Workers Comp Injury Workers Compensation Claim 94

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

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Agents Broker-Agent Broker Underwriter 52

AMAXX

JANUARY 27, 2025

If you’re a service provider, broker care, captive manager, et cetera. It might be too many claims. It might be too many open claims. WC Mastery Training teaching injury management best practices such as return to work, communication, claims best practices, medical management, and working with vendors.

Workers Comp 92

Workers Comp Workers Compensation Injury Compensation 92

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. By adhering to a proven four-step process, organizations can consistently achieve better claim outcomes. One key trigger is the injured worker reaching medical stability.

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Workers Compensation Compensation Claim Workers Comp 105

Distinguished

JULY 8, 2024

Ready to boost your expertise in Hotel Primary Insurance? If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Dedicated claims team experienced in hospitality-related losses. Q: What states is this available in?

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Insurance Broker Broker Broker-Agent Insured 52

AMAXX

FEBRUARY 18, 2025

Consult with Experts : If you’re unsure about your business’s correct classification, it’s wise to consult with a workers’ compensation expert or your insurance broker. You should consult with your insurance broker, attorney, or qualified professional. All state laws vary.

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

AMAXX

JUNE 17, 2025

When it comes to managing workers’ compensation claims, many employers focus on lagging indicators—things like claim count, indemnity costs, and days lost. And more importantly, it predicts future claims costs, experience modification factors (mods), and employee outcomes better than almost any other metric.

Workers Comp 66

Workers Comp Workers Compensation Injury Claim 66

AMAXX

MARCH 18, 2025

These errors can have significant consequences, including prolonged recovery times, increased claims costs, and a greater likelihood of litigation. Her frustration led her to hire an attorney, which in turn increased claim costs and reduced her likelihood of returning to work. The only available provider was 70 miles away.

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Workers Comp Workers Compensation Injury Compensation 94

AMAXX

FEBRUARY 25, 2025

Once employers and adjusters understand the value of evidence-based medicine (EBM) in workers’ compensation claims, the next challenge is applying it effectively. EBM helps ensure that medical treatments align with standardized recovery timelines, reducing unnecessary disability durations and claim costs. All state laws vary.

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Workers Comp Injury Workers Compensation Claim 80