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Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

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.

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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same.

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Workers’ Comp Is a Team Sport: Understanding the Puzzle of Stakeholders

AMAXX

When a workplace injury occurs, most people think of two parties: the injured worker and the employer. Workers compensation isnt a solo actits a team sport. Thats a critical mindset shift: every stakeholder in workers comp is here to support the employee-employer dynamic.

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Why Reporting Small Claims Pays Off in ERA States

AMAXX

When it comes to workers’ compensation, small claims might seem harmless. Many employers wonder: “Why report a $1,000 medical bill to the insurance carrier if we can just pay it ourselves and keep our experience mod low?” After all, fewer claims mean fewer red flags on your insurance history—right? Not always.

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The Hidden Cost of Bad P&C Insurance Data — And Why You Can’t Build a Reliable Dataset In-House

Neilson Marketing Services

property and casualty (P&C) insurance ecosystem: Over 714,000 professionals are employed in the P&C industry. Approximately 2,500 insurance carriers employ an additional 519,000 professionals. The Scale of the Challenge Before diving in, consider the scope of the U.S. Mistaking premium volume for revenue.

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Working With Unions on Return-to-Work: 8 Steps for Gaining Support and Avoiding Conflict

AMAXX

Return-to-work (RTW) programs are one of the most effective strategies for reducing workers’ compensation costs and improving recovery outcomes. Ongoing claim monitoring helps identify patterns of abuse, prevent fraud, and maintain credibility with both the union and your insurance carrier. The good news?

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Understanding the Key Parties in Workers’ Compensation

AMAXX

TPAs operate independently of the insurance carrier, focusing on streamlined claims handling rather than insurance services. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 3. Their expertise enhances the efficiency and accuracy of the claims process.