Top Ten Work Comp New Years Resolutions 2017
The Top Ten Work Comp New Years Resolutions 2017 started a few years ago . I have updated them each year. You can find those resolutions here using this search inside the J&L Risk Management articles. There are many resolution articles from the prior years. 2017 requires a new list. I will do a self insured list very soon.
Follow the links in the articles for more information.
- Understanding the mechanics of the WC process – from the start of the policy renewal until final premium audit – read everything that has to do with the policy. Most of the process is laid out in the policy. A highlighter is your best tool.
- Following the Six Keys to Workers Comp Savings – the prior link has all of them.
- Knowing where every dollar is going when you write a premium check – Old Motto – Stop Just Writing Checks
- Having your Workers Comp Rating Bureau Experience Mod Worksheets at your fingertips – can change often in one year.
- Retaining your WC info permanently – electronic media is the easy way to go – scans are best
- Knowing the adjusters that work on your files beyond just a name
- Letting the Adjuster know that you follow the Six Keys in #2 above.
- Relating to #1 – Understanding your Unit Statistical Date to not waste time at end of year.
- Not renewing policies on January 1st or July 1st.
- Reading the newsletter that J&L provides almost every week. You may sign up at the top right of this page.
- Bonus – having a working relationship with your agent, not just at renewal.
- Another Bonus – take any class or attend any meeting or seminar that your insurance carrier offers to you.
- Last Bonus – Safety is the key to staying out of the Work Comp system.
If you notice the main theme is having working relationships in Workers Comp. Communication has always been the bedrock for reducing costs and preventing injuries.
Please feel free to use this blog as a reference source. That is why I have written over 1,620 articles. The Top Ten Work Comp New Years Resolutions 2017 is just the tip of the iceberg.
Article provided by James Moore, AIC, MBA, ChFC, ARM. All articles are original content. Check out the full website at www.cutcompcosts.com