Workers’ Compensation Insurance Consulting

Risk Consulting Group - Risk Management and Insurance Consultants

Workers’ Compensation insurance premiums can have over a 50% variance amongst insurers proposals. Combined risk management safety and claims management controls can have a similar impact.

Risk Control Program

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

Program Structure

• Insured – evaluate and recommend the optimum program:
  • Guaranteed cost
  • Deductible
  • Retro
• Self-Insured – evaluate if a self-insured or captive program is a preferable option

Insurance Placement

• Negotiate and facilitate Workers’ Compensation renewals
• Proactively monitor adjustments, including:
  • Audited Payrolls
  • Deductible Losses and Payments
  • Retro Charges and Adjustments
• Monitor and measure the effectiveness of Risk Controls