Benchmarking is another way to measure the success of your Workers' Comp Management Strategies. Use benchmarking to establish a baseline. Benchmarks help you determine how well your company is doing and how much you can save. Find out if your company's losses are higher or lower than the national average – this affects your approach …
Archives for 2012
Recommendations for Improvement
Get your National Workers’ Compensation Management Score™ by answering questions in ten key areas. Once you know your score, we help you develop an Improvement Plan to bring your costs down. Then, based on your assessment results, you can plan improvements to reduce your costs. Once you know your National Workers’ Compensation Management Score™, where do you …
How Much Is Workers Compensation Insurance?
When you open or run a business, you need to determine whether workers’ compensation coverage is required. It probably is! How much is workers’ compensation insurance? The cost of workers’ compensation varies depending on the number of employees, how risky your business is, and whether any of your employees were injured in the past. It …
Free Forms to Help Reduce Your Workers’ Compensation Costs
Use these links to scroll to a description of the free forms available to help you reduce your annual Workers’ Compensation Expense. To receive a notice when our next free form is available, you may Join Our Email List to subscribe to our periodic newsletter. Kick-Off Letter/Email to Broker about WC Cost Containment Program Sample …
Industry Resource Partners
Trusted Sources for Workers’ Compensation Insurance Information & Assistance RIMS Whether you are new to the field or are simply undertaking new duties you may not know about one of the main resources in the field — Risk & Insurance Management Society, known as RIMS. Learn more about RIMS Advisen Advisen is for insurance executives …
RIMS: The Risk & Insurance Management Society
Professional Risk Management Resource: Many of our visitors are learning the ropes of insurance, risk management and workers’ compensation. Whether you are new to the field or are simply undertaking new duties you may not know about, one of the main resources in the field is the Risk & Insurance Management Society, known as RIMS. …
Calculators
Use these free calculators to help your management team understand your true Workers’ Comp expense and how it impacts your bottom line, as well as the annual revenue of your stakeholders:
Advisen: Commercial Insurance Industry Information
The RIMS Benchmark Survey Book How much coverage do I need? Am I paying too much in premiums? How do my retentions compare to my competitors? Are my workers’ comp. costs in line with my peers? Should we invest in ERM? You can find the data you need to answer these questions and more in …
WorkCompResearch.com Compliance Center Sample Page
Compliance Center – Includes coverage and posting requirements, information on claims handling, medical and wage benefits, reporting requirements, licensing and continuing education requirements and more
WorkCompResearch.com 50 State Comparative Tables Sample Page
50 State Comparative Tables – A variety of comparison tables providing key data by state, including insurance, medical rehabilitation benefits, indemnity benefits, licensing, continuing education, recording requirements, fraud, and more.
