Remove Compensation Remove Policy Remove Workers Comp
article thumbnail

Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut

Insurance Journal

Massachusetts Insurance Commissioner Michael Caljouw has rejected an industry proposal to raise workerscompensation rates by 7.1%. decrease ordered last July, will remain in effect for policies on and after July … As a result, existing rates, which reflect a 14.6%

article thumbnail

Reforming Your Workers’ Comp Program: Avoiding Common Pitfalls and Taking Action

AMAXX

Revamping a workers compensation (WC) program can transform how companies manage costs and care for injured employees. Below, we explore common errors and provide actionable steps to begin reforming a workerscomp program. FREE DOWNLOAD: “Step-By-Step Process To Master Workers Comp In 90 Days” 5.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

9 Characteristics of Transitional Duty Assignments in Workers’ Comp

AMAXX

A structured Return-to-Work (RTW) program is one of the most effective ways to reduce workerscompensation costs and improve employee recovery outcomes. Conclusion An effective transitional duty policy supports injured employees while controlling workerscompensation costs.

article thumbnail

2 Common Mistakes In Workers’ Comp Doctor Selection

AMAXX

Consider the case of Jane, a worker who sustained a severe back injury. She was given a list of four medical providers but found that: Two providers did not accept workers compensation patients. One provider accepted workers compensation but was not taking new patients. Are currently accepting new patients.

article thumbnail

Part 2: Workers’ Comp Independent Premium Audits Explained

AMAXX

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workerscompensation premiums. ” Stay tuned to complete your understanding and gain further control over your workerscompensation premiums.

article thumbnail

10 Mistakes That Blow Up Workers’ Comp Costs (and How to Avoid Them)

AMAXX

Workers compensation is often misunderstood as a fixed cost of doing businesssomething employers have to accept, manage passively, and simply write checks for. In reality, workers comp costs are one of the most controllable expenses in your organization. Avoid It : Treat workers comp like a strategic initiative.

article thumbnail

How to Build a Rockstar Workers’ Comp Team

AMAXX

When a workers comp program isnt delivering results, many employers instinctively look outward. If you want a high-performing workers comp programone that reduces claims, controls costs, and supports injured employees you need a rockstar internal team. Step 2: Define Your Internal Team Workers comp is a team sport.