Energy On The Offensive #049 - How To Save 70% On Workers Comp

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Thank you for your patience during the break in newsletters.

President Trump is delivering strong medicine to the system for long-term benefits but in the short term, markets and business segments are feeling the turbulence. I believe times like this are the best to sharpen costs and get better at what your business does. I hope this newsletter helps contribute to your business accomplishing this. Don’t forget to look at previous newsletter posts.

Incentive For Light Duty Recovery At Work

The system has created an incentive for companies to bring injured employees back to work on a light duty basis. If the claim is medical only without any lost time paid then only 30% of that claim will be counted against your MOD/EMR.

How It Saves You Money

Your MOD/EMR directly effects the premiums you pay. It is a multiplication factor in the calculation of your premium. For example, an EMR of 1.11 results in your company paying 11% more for worker’s comp than the average, and as much as 56% more than the best-performing companies (EMRs under 1.00).

Other means of saving money comes from employees returning back to their normal job duties faster. Insurance underwriters look at how many medical only claims vs not and give out more credits to companies with a recover at work program.

Need Help?

I can help your company implement a recovery at work program from scratch or recharge one you already have in place. Have a great EMR? Now is also a good time to have someone review your policy to make sure you’re being giving the policy credits you deserve. Reply to this email or call (501) 581-7226