workers compensation - things you should know
TRANSCRIPT
Luke Slabaugh – [email protected] – 602-332-5853
Workers Compensation - THINGS YOU SHOULD KNOW:
- Not all agencies have access to the same carriers. With a portfolio of 100+ workers
compensation providers we have access to solutions that you may not have seen.
- If you are trying to lower your experience mod by reducing claims you are focused on the wrong
thing.
- We can show you how much fraud is costing you and how to eliminate it.
- A properly managed triage program can reduce claims frequency by up to 45%.
- Workers compensation is better described as expensive financing than insurance.
- Mod reduction is the only controllable factor in long term cost reduction.
- The term expensive claims financing better describes workers compensation than the term
insurance.
- If you haven’t looked into guaranteed cost programs, performance based dividend programs,
loss sensitive retrospective plans, collateralized deductible programs, captive insurance
solutions you may be selling yourself short. - 1.0 is not your lowest possible experience mod.
- Premium and down payment financing is available without financial collateral and can be used
to free up much needed capital.
- Reduction of costs happens by addressing Frequency, Severity, Data & Claim Accuracy and Fraud
- We can provide you with exact calculations of future rates based on current or projected claims
- We don’t just supply you with the tools. We do the work.