The WorkCompEdge® Blog
A recent report indicates slips and falls on ice and snow doubled in 2013, accounting for one-third of all work comp claims in five Midwestern states. Is this an indicator of a national trend? And as another severe weather threatens, how might experience mods and costs be impacted?
You or your employer clients may soon be receiving a health insurance rebate check as mandated by the ACA. Did you know that what a company does with that rebate may affect its workers’ compensation experience mod and premium?
Last year at this time, I wrote about a disconnect between employers and the work comp industry. This year, results from the Zywave 2014 Work Comp and Safety Survey have me optimistically changing my tune - even if, as an industry, we still have much work to do.
The right words are like the right tools - they make a huge difference in getting the job done. So how does the popular article "The 5 Most Persuasive Words in the English Language" inform the conversations we have in workers' comp insurance?
Although a great majority of states reduce medical-only losses in the experience mod, paying small claims out of pocket still generates a lot of discussion among work comp professionals. It's an option that requires careful analysis and knowledge of state rules.
In the universe of workers’ comp experience rating, the split point change of 2013 created something of a big bang. As the split point increases further in 2014, will the change in mods continue to be so dramatic? A first look at 2014 rating values helps us glean some ideas.
Three findings from Zywave's 2013 Workers' Compensation and Safety Survey reveal a disconnect between employers and the work comp industry - and an opportunity for brokers.
Competition for winning new insureds is tough and getting your foot in the door takes more than a good sales pitch. Good news – OSHA’s annual “hit list” just made it a little easier to get a prospect’s attention or reconnect with clients to create a culture of safety. OSHA recently sent letters to 10,000 […]
With the new experience rating split point and 2013 rates now in effect in over 20 states, we can examine all of the formula's "moving parts" that will affect mods this year.
I'm recently back from the 2012 National Workers' Compensation & Disability Conference, where one theme - opioids - is top industry news. Another is more insidious, but is it just as costly?