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HOW IT WORKS ● WHAT YOU'LL GET ● WHY CHOOSE WORKERS' COMP KIT
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Workers Comp Kit for Very Large Businesses (>$10M in WC Costs)
Workers' Comp KitTM is a web-based system that streamlines the workers' compensation cost reduction process and gives companies the tools they need to improve.
Virtually any type and size company can benefit from the assessment and cost control tools available with the Workers' Compensation Kit, from the landscaper with a crew of 10 or 15 to the metal fabrication company with a staff of 120 to the major hospital with 1000 employees or more.
Companies leave millions on the table each year because they don't have the tools to capture these savings. For nearly 20 years, companies that have used our system have saved between 20% and 50% in workers' compensation costs. Now, your company can too!
- Average Cost Per FTE (full time employee) is $564 for large companies with more than $1 Billion in Revenue
- A good best-in-class target goal is $300 for large companies (over $10M in WC premium and claim costs)
- Return to Work (RTW) Ratio Goal: 95% of employees to return to work within 1-4 days after injury
- WC Target ScoreTM should be 78 - 100 for small companies, 82 - 100 for larger companies
- Target Score Tracker should show consistent upward trend for all companies
Why Large Companies Need the Workers' Comp KitTM: Customize Programs and Track Progress
The cost of Workers' Compensation Insurance premiums alone can run large companies more than $10 Million a year. For this reason, most large companies have one or more Risk Managers, at the corporate and/or regional levels as well as individual units, if warranted.
- Large companies will have a medical director and medical staff
- Some units have good workers' comp management practices and some have practices that need improvement
Workers' Comp Kit gives Risk Managers the freedom to choose between customized programs for each operating unit or one centralized injury management program that every unit participate in.
- For large companies, the Workers Comp Kit Target Score Tracker lets you track the different rates of progress among units. For example, some units are just beginning workers' compensation management and others are in progress
- Workers Comp Kit lets you implement very different solutions for very different units
Workers Comp KitTM Gives Risk Managers the Power to Go Beyond the Basics
Risk Managers with established workers' compensation programs can engage in more sophisticated risk management practices such as:
- Integrating disability management, or
- Including monopolistic states, or
- Eliminating collateral source benefits (where an employee receives more when they are NOT working than working thus causing a disincentive to return to work)
When there is turnover in risk management staff, Workers' Comp Kit can
be used to train new staff in correct workers' compensation management
procedures.
For companies with many divisions, WC Target ScoresTM are easier to read
and understand than experience mods.
Workers' Comp KitTM is a web-based Scoring, Benchmarking and Improvement System that streamlines the workers' compensation cost reduction process and gives companies the tools they need to improve.
- Companies leave millions on the table each year because they don't have the tools to capture these savings. For nearly 20 years, companies that have used our system have saved between 20% and 50%. Now, your company can too!
- Workers' Comp KitTM tells companies what they are doing right and what they're not.
- This system allows management to make fast, accurate decisions based on easy-to-use Benchmarking Reports
Workers Comp KitTM Improvement Plan: Develop, Implement and Train
With the Workers' Comp Kit, once you receive your Target Score, an Improvement Plan can be developed to significantly reduce workers' compensation costs by up to 50%.
Implementation of these proven processes and procedures developed by our experts over the past 20 years can help your company - no matter how large or how small - save money!
WorkersCompKit.com can be used as a training site, or to supplement claims administrator's services
- Purchaser can also use WorkersCompKit.com to delegate many of the day-to-day tasks to an assistant or designee
- Workers' Comp KitTM tells companies what they are doing right and what they're not.
- The system allows management to make fast, accurate decisions based on easy-to-use Benchmarking Reports
- Management learns how to implement solutions quickly and correctly
Get started TODAY! To assess your current practices simply answer a few questions in 10 key areas. Based on your responses, a WC Target Score is generated to determine how your company's practices and procedures compare to similar businesses across the country.
For more information about how you can greatly reduce your Workers' Compensation costs, call us at 860-553-6604, or send us an e-mail, or simply submit this short form.
