Is It Time to Report Height and Weight on Workers Comp Claims?

Posted on January 11, 2011 by WorkCompEdge Blog Editor

As recently reported in Insurance Journal, a new report issued by NCCI confirms anecdotal data that workers compensation claims are generally much more costly for obese versus non-obese workers.  As the title of the report, “How Obesity Increases the Risk of Disabling Workplace Injuries,” implies, that cost includes the significant likelihood that the claim of [...]

Filed under: Claims and Injury Management, Wellness, Workers Comp Premium | Tagged: , , , , | 4 Comments »

Loss-free Rating: New Footnote on California Worksheet Important Concept for All States

Posted on December 14, 2010 by WorkCompEdge Blog Editor

Those of you who verify or analyze workers compensation experience mods in California may have already noticed a new little note on the WCIRB experience rating worksheet. For mods effective 1/1/2011 and later, this new note, just below the experience modifier box in the lower right hand corner of the form, says: LOSS-FREE RATING followed [...]

Filed under: Experience Rating (the Mod), Making the Most of ModMaster, Workers Comp Premium | Tagged: , , , , | 1 Comment »

Workers Compensation Medical-Only Losses: A Refresher for All, an Update for New Mexico and Colorado

Posted on June 1, 2010 by WorkCompEdge Blog Editor

Many of you are undoubtedly familiar with the importance of medical-only claims to the experience modification rating process. In a great majority of states, these claims, also known as injury or IJ code type 6 losses, are reduced by 70% for the purposes of the mod calculation. This reduction is also known as the experience [...]

Filed under: Claims and Injury Management, Experience Rating (the Mod), Workers Comp Premium | Tagged: , , , , , , , | 1 Comment »

Three Pitfalls Employers Should Avoid When Workers Compensation Rates Decline

Posted on March 11, 2010 by WorkCompEdge Blog Editor

by Frank Pennachio, WorkCompEdge Regular Contributor With few exceptions, workers compensation rates have been declining across the country for several years.  Declining rates appear to offer employers relief, especially during these tough economic times.  But declining rates can be deceiving and ultimately lead to greater total workers compensation costs. Here are three pitfalls employers should [...]

Filed under: Experience Rating (the Mod), Workers Comp Premium | Tagged: , , , | Leave a Comment »

Comparing Two Workers Compensation Experience Mods

Posted on October 21, 2009 by WorkCompEdge Blog Editor

by Kory Wells, WorkCompEdge Blog Editor Many of our readers have found themselves, at one time or another, in the unfortunate position of trying to explain why the workers compensation mod went up from the previous experience period. The possible culprits are numerous and have a lot of moving parts: changes in expected loss rates, [...]

Filed under: Experience Rating (the Mod), Making the Most of ModMaster, Workers Comp Premium | Tagged: , , | 11 Comments »

Improve Your Cash Flow with Pay-As-You-Go Workers Comp

Posted on September 23, 2009 by WorkCompEdge Blog Editor

by Frank Pennachio, WorkCompEdge Regular Contributor Workers  compensation policy premiums are usually based on estimated payrolls. The final earned premium is determined during a premium audit after the policy expires and is based on actual payroll. When payroll is higher than estimated, the employer owes additional premium, and when payroll is lower than estimated, money [...]

Filed under: Workers Comp Premium | Tagged: , , | 2 Comments »

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