Workers Comp Audit Stress Reducer
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Workers Comp Savings With Two Hours Of Your Time


Workers Comp Savings in 120 Minutes – One For Company Piggy Bank

A Workers Comp savings plan should not cost hours of your time. One of the first premium reduction questions that we often receive in inquiries is how can we cut our Workers Comp costs and not spend days/hours/weeks on it.

Picture of Employee Sitting on Big Piggy Bank Workers Comp Savings Two Hours Of Your Time

There are no quick fixes in reducing WC premiums. In our experience, we have found four ways to efficiently and effectively cut an employer’s insurance program costs.

  1. Explore all your insurance options. Obtain quotes from several different sources. We recommend that you have more than one agent explore the market for all lines of insurance, not just WC. A certain independent agent may not be able to write with all the insurance carriers. An agent that works with one carrier, of course, cannot explore coverages outside of their employer.
  2. Make sure your agent, insurer, or state fund completely and accurately understand your business and its operations. We have seen so many employers being overcharged as their agent and/or insurer just placed the companies into certain categories and left them there year after year, even as the employers’ businesses evolved.  What your business did 10 years ago may not necessarily reflect your current company.
  3. Woman Workers Comp Savings Holding Piggy Bank

    Check with others in your line of work. A company that produces the same product or service as your company may be receiving a better deal on their insurance coverages. An association is a great avenue for this recommendation.

  4. Join an association. The statistics that we have generated show employers that have joined an association with similar companies tend to have lower Experience Modification Factors (E-mods) than their counterparts that were not a part of an association. The basis for this finding is still unclear, but the employer/association trend is very strong in favor of being in an association.


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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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