File Reviews – A Big December Time Waster To Avoid
Most file reviews in December are time wasters for all the involved parties.
The largest number of Workers Comp policies will renew 1/1/11. Long ago, when I was an Workers Comp adjuster, I used to be guilty of causing employers to use up time they could have been using more efficiently elsewhere. If this happens to you, stop these type of file reviews.

Agents, adjusters and other Workers Comp personnel seem to want to hold these big meetings the month before the expiration of your Workers Comp policies. These grandiose meetings center around your Workers Comp reserves. Show them the door as the December reserves have nothing to do with your Workers Comp E-Mods. I have written very often about the Unit Stat date.
Your Workers Comp E-Mod reduction program will need to start three months AFTER your policy renews – not in December. Starting sometime in March would be the best timing. This effort, of course, is for your next year’s E-Mod.
I will construct a mini-chart in my next post on when to start your Workers Comp reserve reduction program. Take a close look at it. This will be a great December as you will not need to review your Workers Comp reserves at the last minute.
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