Workers' Compensation

Workers' Compensation is yet another facet to your companies overall risk management profile.
Required by law, and state mandated Workers' Compensation & Disability Insurance can be an exorbitant expense in both time and bottom line for your company, especially for those employing a large number of individuals.
Coverage is provided for lost wages, medical treatment resulting from an employee's work related injury or illness.
Disability Insurance, also state mandated provides coverage for off the job injury.

VALUE ADDED APPROACH

Cost Risk Planners understands that of all coverage's that must be defined specifically to ones company profile it is the the area of Workers' Comp coverage.  Together with our knowledge and resorces of the field CRP will determine whether the private sector, state sponsored programs or additional segments, such as safety groups offer and provide the necessary coverage at the correct pricing.

In addition, to placement consulting, CRP has the ability to review, calculate and analyze the Experience Modification, which contributes to one of the largest rating factors effecting workers compensation premiums for large companies paying $5,000 or more in annual premium.  Assessing an Employers Loss Experience vs. the Average Loss Experience helps identify areas where larger credits can be applied thus keeping costs down

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Basics

• Complies With State Laws
• Protects Your Business Assets
• Replaces Portion of Lost Wages
• Pays Employee Medical Bills

Loss Control

• Safety Data Management
• Safety Guidelines/ Protocol
• Workplace Safety Education
• Identify Workplace Hazards

Safety Groups

• Trade/ Association Groups
• Pays Possible Dividends
• Claims Management
• Provides Target Underwriting

Experience Mod

• Premium Rating Factor
• Specific Loss History Review
• Employee Rating Classification
• NCCI Review/Education