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Workers Compensation Assessment & Cost Control for Medium & Large Companies - - Workers Comp Tool Kit
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Home > Workers Compensation $1M Annual Cost

HOW IT WORKS    ●    WHAT YOU'LL GET    ●    WHY CHOOSE WORKERS' COMP KIT

 

 

 

 

or call 860-553-6604 now!
 


Easy-to-Use Dashboard

See Dashboard Sample

Click to see Dashboard sample - makes it easy to keep track of your Workers Comp cost-reduction progress.
 
Learn how the dashboard helps you easily keep track of your cost-reduction progress.


Learn the Real Cost of
Worker Compensation!

Try the Workers Comp Calculator

Determine how much gross revenue you must generate to pay for a single Workers Comp claim.

Try the Calculator

 

 

Workers Comp KitTM for Large Businesses (>$1M WC Costs)

Workers' Comp KitTM is a web-based system that streamlines the workers' compensation cost reduction process and gives companies the tools 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 lunch counter with 10 or 15 employees to the office cleaning company with a staff of 120 to large motor vehicle or auto parts manufacturers with 1000 employees or more.

  • Cost Per Full Time Employee (FTE) for companies with less than $1 Billion in revenue is $681. Cost Per FTE for companies with more than $1 Billion in Revenue is $564

  • A good best-in-class target goal for small companies is $250. For larger companies, target goal is $300

  • RTW Ratio Goal: 95% 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

Workers Comp KitTM Helps Identify Critical Factors Affecting Your Bottom Line

The WC Target ScoreTM gives you an overall score you can use to identify critical cost drivers affecting your bottom line.

  • You can see how you stack up to scores of other companies taking the assessment

  • Compare workers' comp practices between divisions in your company. Businesses are often strong in one or two areas, and not in others.

  • If your company has various operating units the assessment should be completed by each unit separately.

    • In this case it is likely that each operating unit handles injury procedures differently

    • Each unit may even have different insurance companies and claim administrators

Workers Comp KitTM Improvement Plan: Develop, Implement and Train

Risk Managers of medium and large companies (WC costs of between $1M and $10M) may recognize a workers' comp problem but lack either the time or experience - or both -- to zero in on the problem.

With the Workers' Comp KitTM, 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.

 

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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.