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Travelers: Costliest Claims Driven by Most Common Workplace Accidents

Insurance Journal

million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees are still among those most vulnerable to injury. Analysis of 1.2

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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. Employers must have a structured approach for evaluating claims.

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How Fear Impacts Workers’ Compensation Claims (and What to Do About It)

AMAXX

However, for many workers, an overwhelming fear of losing their jobs adds unnecessary stress to an already difficult situation. 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. Heres how: 1.

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Understanding Classification Rules in Workers’ Compensation

AMAXX

The higher the risk, the higher the workers compensation premium for that classification. These rules are established by rating organizations like the National Council on Compensation Insurance (NCCI) in most states, though some states have their own rating bureaus. Contact: mstack@reduceyourworkerscomp.com. All state laws vary.

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How to Set Employee Expectations Before an Injury Happens

AMAXX

In workers compensation, the moments before an injury ever occurs are just as important if not more so than the moments after. 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.

Injury 88
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Demystifying Evidence-Based Medicine in Workers’ Compensation

AMAXX

Evidence-Based Medicine (EBM) is increasingly recognized as a critical component in workerscompensation, influencing treatment decisions, recovery outcomes, and cost management. For claims professionals and employers, EBM offers confidence in recovery timelines and interventions, optimizing both recovery and financial outcomes.

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Why Communication at the Time of Injury Is a Game Changer

AMAXX

In the high-stakes world of workers compensation, the moments following a workplace injury can define the entire outcome of a claim. Specifically, how a supervisor or employer responds to the injured worker at the moment of injury sets the tone for everything that follows. days out of work.

Injury 98