225 Madison Avenue
Did you know……….
Within the worker’s compensation system, employers finance the re-payment of their claim costs through their experience rating calculation.
The worse the employers claim experience, the more everyone in the system makes. The three primary ones being the doctors, attorneys and payers.
This is compounded by the fact that everyone that is working on the claim, except the employer, makes money from the claim. Because of how “the system” is structured, relying solely on those within the system (who make money from claims) to do everything they can to eliminate, reduce or control employer claim costs and minimize the impact those costs will have on employer premiums will never happen.
WE WILL GLADLY PROVIDE YOU WITH A COMPLIMENTARY FORENSIC ANALYSIS
We will also provide you with what your minimum experience rating factor would be had you not had any claims in the past three years.
We will also provide you with your bureau reporting date and why this is important for you to understand.
Our first intention is the elimination of fraud.
Worker’s compensation insurance has one of the highest rates of fraud among all types of insurance. Fraud could be faking an injury or someone getting injured at home on a weekend, then reporting it on Monday at work. Or it can be as benign as a doctor simply offering a patient extra time off at work. Unfortunately, this is also a fraud. Our processes are designed to eliminate the potential for fraud at the time of injury.
Our second intention is the active reduction of indemnity costs including temporary disability or permanent impairment.
In most states when an employer eliminates indemnity costs, premium costs will decrease up to 75% going forward. Our process on average, sees indemnity claims near 6% of their total claims compared to the national average over 24%.
Our third intention is the elimination of claims.
While most injuries do require a doctor’s care, we find that approximately 33% of all injuries in fact, do not require the attention of a doctor.
Our fourth intention is overall impact management within the system.
Without doubt, the worker’s compensation system is inherently inflationary. A single motivation is common to all players within the system which drives insurance costs such as commissions and passive insurance carrier management resulting in higher premiums.
There is a significant difference between what most traditional brokers do, and what we do. We differentiate from our competition. Traditional insurance brokers provide old-school reactive claims oversight. Our process is pro-active, intelligence-driven-claims engineering.
LET US PROVIDE YOU WITH A CLAIMS MANAGEMENT TEAM SPECIFICALLY ASSIGNED TO EACH AND EVERY CLAIM THAT YOU HAVE, FROM START TO FINISH.
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Tell us what you are looking for today. One of our Experienced Brokers will reach out with coverage options and answers