AMAXX

MAY 21, 2025

Ask the average employee who pays for workers compensation, and you might hear answers like the insurance company, the government, or even nobodyits just a benefit. In reality, the employer foots the bill for every dollar spent in the workers compensation system. Classification rate is based on job risk (e.g.,

Workers Comp 66

Workers Comp Workers Compensation Premium Injury 66

AMAXX

MAY 6, 2025

Hiring is more than finding the right resume or filling a seatits the first and most important line of defense in preventing workplace injuries and reducing workers comp costs. 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

Insurance Journal

AUGUST 22, 2024

The West Virginia insurance commissioner’s office has adopted a new policy: It will soon begin destroying workers’ compensation claim files that are 10 years old or older. “Given increasing cybersecurity concerns and the type of information contained in the closed …

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Workers Comp Cyber Compensation Risk 279

AMAXX

APRIL 10, 2025

In the complex world of workers compensation, risk managers play a vital role in aligning strategic oversight with day-to-day claims operations. Far from being a behind-the-scenes figure, a successful risk manager serves as the linchpin between claims administration, adjusters, and injury management teams.

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Workers Comp Risk Workers Compensation Injury 59

AMAXX

MAY 14, 2025

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.

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Workers Comp Building Injury Workers Compensation 69

AMAXX

FEBRUARY 17, 2025

The Link Between Trust and Outcomes A study conducted by the Workers Comp Research Institute (WCRI) highlights the crucial role that trust and fear play in an injured workers recovery and financial stability. Clearly communicate who will cover medical expenses and what the worker needs to do.

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Workers Comp Claim Workers Compensation Injury 66

AMAXX

FEBRUARY 24, 2025

Evidence-Based Medicine (EBM) plays a critical role in workers compensation, guiding both medical professionals and non-medical stakeholders in making informed decisions about injury treatment, recovery time, and return-to-work strategies. One of the most common questions at the time of injury is, How long will my employee be off work?

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Workers Compensation Compensation Workers Comp Injury 66

Triple-I: Workers Compensation

MAY 20, 2025

William Nibbelin, Senior Research Actuary, Triple-I Economic uncertainty, industry-specific trends, and evolving risks were the focus of the NCCI Annual Insights Symposium (AIS) 2025 a key event for the workers compensation industry. Key Findings Premium: Workers compensation net written premium decreased by 3.2

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Workers Comp Workers Compensation Compensation Claim 45

AMAXX

MARCH 24, 2025

Accurate payroll accounting reflecting these deductions helps maintain appropriate premium charges aligned with actual exposure to injury risk. Workers’ compensation relies heavily on correct employer classification to reflect an accurate risk exposure. However, strict rules apply.

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Workers Comp Premium Injury Workers Compensation 71

AMAXX

FEBRUARY 24, 2025

Shall we touch base about this on our regular risk management conference call? He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%. Can we get a list of all claims that have NCM assigned?

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Workers Compensation Compensation Workers Comp Claim 66

AMAXX

MARCH 10, 2025

Here are six critical actions your company can take before a planned layoff to effectively manage and potentially reduce workers compensation claims: This post is one in a 2-part series: Part 1: Layoff Planning to Control Workers Comp Claims Part 2: Layoff Planning to Control Workers Comp Claims 1.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

MAY 13, 2025

Thats as true for workers comp as it is for fitness, finance, or sales. With just five core metrics , you can quickly diagnose the health of your workers compensation program , prioritize where to act, and measure your progress over time. It’s a leading indicator of workplace safety and risk exposure.

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Workers Comp Injury Workers Compensation Claim 59

AMAXX

MAY 6, 2025

But when it comes to the workers compensation system, a rushed or poorly evaluated hire can be far more costly than leaving a role vacant for a few extra weeks. In fact, bad hires aren’t just a performance issuethey are a financial and legal liability , particularly in industries where physical labor increases the risk of injury.

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Workers Comp Risk Injury Workers Compensation 85

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. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 24, 2025

This post is one in a 3-part series: Part 1: Workers Comp Independent Premium Audits Explained Part 2: Workers Comp Independent Premium Audits Explained Part 3: Workers Comp Independent Premium Audits Explained To qualify for this treatment, construction employers must keep meticulous records specifying exact hours worked per classification code.

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Workers Comp Premium Workers Compensation Compensation 59

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? Here are four high-impact ways to start: 1.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

JANUARY 13, 2025

Lets explore the roles of these critical players in a workers’ compensation system. Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk.

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Workers Compensation Compensation Workers Comp Broker-Agent 98

Simply Insurance

MARCH 17, 2025

Workers' compensation insurance rates vary by state due to location, industry risks, and policy coverage. The Hartford is a top choice for workers' compensation insurance due to its competitive pricing and comprehensive coverage. The national average cost is approximately $1,128 per year.

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Workers Compensation Insurance Workers Compensation Compensation Insured 52

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Lets dive deeper into these aspects.

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Workers Compensation Compensation Workers Comp Injury 98

AMAXX

JANUARY 6, 2025

When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Our three components to achieve workers comp mastery are: Framework , Employer Controls , and External Controls. Workers compensation programs are multifaceted, and leaders often struggle to prioritize.

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Workers Comp Building Workers Compensation Compensation 105

AMAXX

AUGUST 7, 2024

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers’ compensation premium for that classification.

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Workers Compensation Compensation Workers Comp Premium 102

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs.

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Workers Comp Claim Workers Compensation Injury 52

AMAXX

FEBRUARY 10, 2025

FREE DOWNLOAD: “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Perception of Risk Thispersonhasnot.Theyhavethey’rethey’rethey’renotthey’renotpayingtheirbillsastimely,whichisjustaperceptionofthatrisk.

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Workers Comp Risk Workers Compensation Premium 66

AMAXX

MARCH 17, 2025

There are elements in your workers compensation program that may be creating challenges without you even realizing it. Drivers of Human Behavior in Workers Compensation The science of human behavior has been studied extensively, and one of the most insightful works on the subject is Drive by Daniel Pink.

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Workers Comp Workers Compensation Injury Compensation 66

AMAXX

SEPTEMBER 16, 2024

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers’ Comp In 90 Days” The Importance of a Consistent Post-Injury Response A well-documented and standardized post-injury response plan offers multiple benefits. This includes gathering witness statements and creating an incident report.

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Injury Workers Compensation Compensation Workers Comp 105

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). Its one of the simplest variables to control, yet one of the most commonly overlooked.

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Claim Workers Comp Injury Workers Compensation 71

Mark Jackson Insurance Agency

APRIL 21, 2025

For business owners, preventing injuries is key to protecting employees, maintaining productivity, and minimizing workers compensation claims. Damaged or outdated equipment can increase the risk of accidents, so be sure to implement a maintenance schedule and replace worn-out gear regularly.

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Workers Compensation Injury Compensation Claim 52

AMAXX

AUGUST 21, 2024

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. The need for surgery often signals more serious injuries, which not only have higher immediate costs but also pose substantial risks for future complications. Is the Cost for the Claim for Life?

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Workers Compensation Compensation Workers Comp Injury 105

AMAXX

OCTOBER 8, 2024

A patient assistant could take over the patient transfer responsibilities, allowing the nurse to continue working without risk of further injury. Examples include volunteering as a reader at a nursing home or helping out at an animal shelter by engaging in light, low-risk activities.

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Workers Compensation Compensation Injury Workers Comp 104

AMAXX

OCTOBER 24, 2024

By offering physical therapy as part of a rehabilitation plan, employers can speed up recovery and reduce the risk of long-term disability. This not only benefits the employee but also the employer by reducing workers’ compensation costs and minimizing downtime. What Is Occupational Therapy?

Workers Compensation 105

Workers Compensation Compensation Injury Workers Comp 105

AMAXX

SEPTEMBER 23, 2024

These metrics are fundamental in determining the experience modification factor (often called “mod”), which ultimately influences the cost an employer will pay for workers’ compensation insurance. This repeated exposure to risk increases the likelihood that larger claims might occur in the future, which alarms underwriters.

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Workers Compensation Premium Compensation Workers Comp 91

AMAXX

FEBRUARY 18, 2025

Michael Stack, CEO of Amaxx LLC, is an expert in workers compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers compensation costs by 20% to 50%.

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Workers Comp Injury Workers Compensation Compensation 91

AMAXX

DECEMBER 19, 2024

In the context of workers compensation, fostering a similar collaborative environment can lead to earlier injury reporting, effective hazard identification, and creative solutions for return-to-work programs, ultimately reducing costs. Early reporting and hazard mitigation are key to preventing costly claims and minimizing downtime.

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Workers Comp Workers Compensation Injury Compensation 98

AMAXX

MARCH 4, 2025

By shifting your perspective from compliance-as-burden to compliance-as-advantage, you can leverage OSHA requirements to create a safer, more productive workplace, reduce workers compensation costs , and enhance your company’s reputation.

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Workers Comp Workers Compensation Injury Compensation 71

AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. and why are we gonna try to get this risk up because you’re saying, hey. So let’s talk about this.

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Workers Comp Risk Workers Compensation Injury 64

AMAXX

SEPTEMBER 9, 2024

Employers utilizing these strategies can significantly reduce workers’ compensation expenses, improve claim outcomes, and enhance their overall risk management processes. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”

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Workers Comp Injury Compensation Claim 102

AMAXX

MAY 6, 2025

A lack of structured onboarding is a silent contributor to workplace accidents, workers comp claims, and high turnover. The Data Doesnt Lie: First-Year Employees Are at Highest Risk According to data cited in Workers Comp Mastery Training , nearly 35% of all workplace injuries occur in an employees first year.

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Injury Workers Comp Workers Compensation Claim 59