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Save Workers Comp Premium Dollars – Most Powerful Question to Ask


Fastest Way To Save Workers Comp Premium Dollars

What is the one question to ask to quickly save Workers Comp Premium Dollars?

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The strongest question to ask to take control of your Workers Compensation program is “Why?”.

One of our old mottoes is “Stop Just Writing Checks” and ask questions. We have seen so many employers and governmental entities just write checks as if their Workers Comp was just a “cost of doing business.”  Nothing could be further from the truth. This also applies to self-insured employers paying a TPA for claims processing costs.

I have performed studies on thousands of files and have found that if an employer starts asking why their Workers Comp is costing so much, their workers comp premium dollars will decrease over time.   Asking why leads you to likely have even more questions about your workers compensation policies and premium audits.

I do realize that it is a tough task to pay quite a bit of attention to Workers Comp premiums when health insurance, fuel, and other costs are increasing at an alarming rate.

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We never recommend turning over your insurance budget totally to an agent and just funding the WC insurance program. I have never met an agent who did not want their clients to ask questions about the insurance policy renewal or audit processes.

Your company should prepare the “why”  list of questions at least one month before your renewal to ask your agent questions.

Any time that you receive a policy renewal statement, audit statement, or any policy endorsement, ask why, especially if you are asked to pay more premiums than expected. Keep asking why until you feel you have received an answer to your question.

It may sound too simple, but give it a try and you will be astonished at the results.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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