Worker’s Compensation

            One of the biggest concerns of many employers today is how to effectively and affordably ensure the safety of their employees. Worker’s Compensation is most expensive component of many companies’ insurance policies. In addition, most companies have to face a multitude of costs in addition to worker’s compensation. These costs may include safety plans, employee training, and the indirect costs associated with lost-time accidents. We work with employers to not only design an effective worker’s compensation policy, but also to reduce costs across the board. Below are some examples of how we can help companies reduce these costs.

Drug-Free Workplace Program – Our carriers give discounts for a drug-free program approved by the state. We can work with you to set up a new program, revise an existing one, and assist you through the certification process.

Experience Modification Consulting – Many employers are paying more for their insurance than they need to due to high experience mods. We have associates trained specifically to help you reduce you modification factor and receive discounts on your worker’s compensation insurance.

Safety Plans – On average, a lost-time accident will cost you in increased premiums an amount equal to the cost of the accident. In addition, indirect costs such as overtime, training, and lost productivity can amount to 4-5 times the direct cost of the accident. We offer specialized safety plans and training material to qualified clients to help keep accidents to a minimum.

Claims Review – One of the biggest factors in trying to place your insurance with the best carriers, is a favorable loss ratio and low experience modification factor. Both can be influenced heavily by an effective claims review process. We work with you to make sure claims are handled in a timely manner and that reserves are reduced to the lowest level possible.