“Best practices” are often referenced in the handling of workers compensation claims without an explanation as to what they are or what the insurance industry standards are for handling workers compensation claims. While “best practices” vary slightly from insurance company to insurance company, here is a synopsis of the basic standards of how the insurance …
Claim Handling
Three Ways to Cut Workers Comp Costs
By Rebecca A. Shafer – August 2011 Limiting workers compensation claims costs requires finding and filling gaps within the process. To do so, you must work closely with your claims administrator. Here are three ways to cut costs. #1. Arrange a Chairside Visit A chairside visit, in which the employer representative sits down with an …
Maximize Insurance Claim Results
The 7 BIGGEST Mistakes Employers Make When Working with their TPA* Not visiting the TPA’s claim offices and sitting “chair-side” with an adjuster. Not meeting the team! Not meeting with all vendors and services offered by the TPA at the beginning of the relationship and periodically thereafter. Not having on site file reviews regularly and …
Sooner Rather Than Later: In the Year 2020 Claim Control Will Begin Earlier in the Process
By Rebecca Shafer, J.D. – September 2010 Sarasota, FL (CompNewsNetwork): As more companies take on more risk through higher risk retentions (higher deductibles and self-insurance) they will likely become more interested in controlling their costs. The best way to do that is to TAKE CHARGE of events EARLY in the life of a claim. The …
