Loss control is a risk management technique that seeks to reduce the possibility that a loss will occur and reduce the severity of those that do occur. A loss control program should help reduce claims, and insurance companies reduce losses through safety and risk management information and services.

Our expertise in Workplace Health & Safety, combined with our knowledge of Workers’ Compensation Insurance, synergize to offer a unique resource for dealing with a variety of issues which encompass workers’ compensation coverage / premiums. Our ability to integrate the various elements of Workers’ Compensation allows us to take a comprehensive approach to your Workers’ Compensation management issues.

Workers’ Compensation insurance premiums can have over a 50% variance amongst insurer’s proposals. Combined risk management safety and claims management controls can have a similar impact. Our goal is to provide Workers’ Compensation claims oversight in order to reduce costs and move claims to closure in a consistent manner, as well as to provide technical expertise and personal service.

• Control your Workers’ Compensation costs in a competitive market
• Create a partnership based on trust and knowledge
• Count on strict monitoring of your claims

Deliberate, focused and comprehensive reviews of all compliance, operational and strategic risk are a must. Our program includes:

• Loss Control – determine and manage cost impact areas
• Claims Management – timely close claims and minimize losses
• Monitor – effectiveness of the program

How do you fight losses?

Combating claims leakage is a huge way to mitigate losses. Traditionally, claims leakage means paying loss or Allocated Loss Adjustment (ALAE) Expenses that either didn’t have to be paid or were paid over the necessary amount. I say there is “soft” and “hard” leakage. An example of soft leakage is a situation where compensability was accepted without a thorough investigation or contact with all parties to a claim. Examples of hard leakage can be very different. One is the continuation of Permanent or Partial Impairment (PPI) after a claimant returns to work. Another can occur when a PPI must accept compensability because they missed a statutory deadline or paperwork filing.

Bottom Line

Cost control strategies, plan design and program development are the areas of concentration that have allowed us to positively impact the bottom line for thousands of our partners who strive to significantly reduce their insurance costs. Our solutions are innovative, aggressive and designed to provide maximum program impact.