The True Cost of Workers’ Compensation
The total cost of worker injuries are the premiums you pay and the indirect or uninsured claim costs. According to OSHA, indirect costs vary greatly depending on the size and type of claim, and can be several times the direct cost of the claim. This operational waste has a ripple effect throughout an organization increasing the cost of doing business and negatively impacting EBITDA.
Our strategies help clients gain control of their long-term workers’ comp costs, leading them to enhanced productivity and profitability.
We Look Above and Below the Surface to Protect Your Profits
The True Cost of Workers’ Compensation
The total cost of worker injuries are the premiums you pay and the indirect or uninsured claim costs. According to OSHA, indirect costs vary greatly depending on the size and type of claim, and can be several times the direct cost of the claim. This operational waste has a ripple effect throughout an organization increasing the cost of doing business and negatively impacting EBITDA.
Our solutions help clients gain control of their long-term workers’ comp costs, leading them to enhanced productivity and profitability.
We Look Above and Below the Surface to Protect Your Profits
Improving Practices & Procedures
Proper planning and communication can limit the frequency and severity of worker injuries, reduce direct and indirect claim costs and lower your experience mod and premiums.
- Avoid hiring your next workers’ comp claim
- Assess and improve the existing safety culture
- Reduce the risk of OSHA violations
- Develop an Injury & Illness Prevention program
- Select and train an injury management coordinator
- Qualify and establish effective clinic relationships
- Establish efficient prompt injury response and return-to-work procedures
- Benchmark and monitor performance of workers’ comp practices
Injury prevention leads to enhanced productivity
Improving Practices & Procedures
Proper planning and communication can limit the frequency and severity of worker injuries, reduce direct and indirect claim costs and lower your experience modifier and premiums.
- Avoid hiring your next workers’ comp claim
- Assess and improve the existing safety culture
- Reduce the risk of OSHA violations
- Develop an Injury & Illness Prevention program
- Select and train an injury management coordinator
- Qualify and establish effective clinic relationships
- Establish efficient prompt injury response and return-to-work procedures
- Benchmark and monitor performance of workers’ comp practices
Injury prevention leads to enhanced productivity
Experience Mod Analysis
Knowing how claims can impact your experience mod and premium will give you an edge over your competitors. An analysis of your experience mod will provide valuable insight into your operations and opportunities for cost savings.
Claim Management & Oversight
What makes Solomon & Solomon different than most insurance brokers is we use a specialized law practice that focuses exclusively on assisting clients in controlling workers’ comp claims and preventing related employment law disability discrimination charges.
Our claim management retainer program includes:
- Review of currently valued loss runs and detailed open claim status reports
- Active claims management, including making recommendations and consulting with claim adjusters to move claims to closure as quickly as possible
- Real-time oversight and communication with clients as events occur, not several months later or at periodic claim reviews
- Technical and legal support for issues that can drive up your net cost of risk, including allegations of harassment, retaliation or discrimination; performance management; leave of absence administration and documentation; discipline; termination; policy enforcement; workers’ comp claims; modified duty assignments; reasonable accommodation decisions; hiring/recruiting; wage and hour or other personnel issues.
Proactive claim management can help prevent employment practices liability issues that arise from worker injuries, reduce your workers’ comp premium and indirect claim costs.
Complex and confusing claim issues require expert Guidance
Claim Management & Oversight
What makes Solomon & Solomon different than most insurance brokers is we use a specialized law practice that focuses exclusively on assisting clients in controlling workers’ comp claims and preventing related employment law disability discrimination charges.
Our claim management retainer program includes:
- Review of currently valued loss runs and detailed open claim status reports
- Active claims management, including making recommendations and consulting with claim adjusters to move claims to closure as quickly as possible
- Real-time oversight and communication with clients as events occur, not several months later or at periodic claim reviews
- Technical and legal support for issues that can drive up your net cost of risk, including allegations of harassment, retaliation or discrimination; performance management; leave of absence administration and documentation; discipline; termination; policy enforcement; workers’ comp claims; modified duty assignments; reasonable accommodation decisions; hiring/recruiting; wage and hour or other personnel issues.
Proactive claim management can help prevent employment practices liability issues that arise from worker injuries, reduce your workers’ comp premium and indirect claim costs.
Complex and confusing claim issues require expert Guidance