National Workers Comp Scores are Quantifable — Best Practices Measured

Our National Workers Comp Score are numeric scores ranked for 1-100. Yes, you CAN earn 18 extra point! No, the scoring is not graded on a curve… But, don't worry too much about your scores because it's intended as a learning experience. As you read the questions, you'll learn what best practices you haven't done, and you'll probably be able to implement a few practices right away. Once you do that, you can retake your Best Practice Assessment to improve your Score, and you'll see improvement on your Score Tracker. Make as many improvements as you want, and continue to monitor progress. If you have multiple divisions, the scores of each is ranked best-to-worst so you'll know instantly which divisions you need to concentrate on. Risk Managers have found this feature very helpful in targeting training needs and providing more resources and assistance. So, if you want to know where your biggest areas of cost savings are, have all divisions take the Best Practice Assessment and get their NWCS. Once they show improvement show the results to your broker and carrier to make a case for lower premiums. We'll put you on a schedule for implementation of changes, that will further enhance your chances for lower premiums and collateral requirements. Learn more at http://www.reduceyourworkerscomp.com/best-practice-profile-ranking.php Financial executives understand quantification, and a "score" provides uniform analysis that is quantifiable, so consider having all operating units get a WC Target Score. The 7 Biggest Mistakes Employers Make is at: http://www.reduceyourworkerscomp.com/lower-reduce-workers-comp-costs.php

Posted in Benchmarking & FTE & Operational Comparison, Workers Comp Kit |

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Workers Comp Kit Blog Arrives for Cost Containment

Welcome to Workers Comp Roundup Blog. Our focus is helping employers reduce their workers comp costs. Do not worry, it IS fun. We've work with employers of all sizes and types to help them put programs in place to reduce their workers comp costs across the board.

This site hosts many experts in workers comp cost containment. We have experience in corporations and with two large insurance brokers. I am an attorney who after several years at a law firm, started working in risk management as in-house counsel at a major corporation. At the time, I knew nothing about workers' compensation! Literally, I saw those claims on the loss run, but was told the insurance company manages those claims so I should focus on other issues.

We'll experiment with several formats to see which works best. For example, we'll start by using our "modules" in Workers Comp located at: www.ReduceYourWorkersComp.com and we'll start with doing an assessment of your current program to see what gaps and opportunities for cost reduction exist. We have 10 modules and we'll use a "holistic" approach to reduce over all WC (workers' comp) costs.

We also have four MD's who are experts in WC and work as part-time medical advisors to companies and review claims as independent contractors. I've worked with them for a long time, especially Dr. Dubin. We've worked together for almost 20 years doing the same thing — helping companies reduce their WC costs.

Posted in WC 101, Workers Comp Kit |

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