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Best Way To Waste Time On Workers Comp in December


The Easiest Way To Waste Time On Workers Comp Before The New Year

I have discovered the best way to waste time on Workers Comp in December.   Workers Compensation reserves do not directly apply to a policy that renews within 30 days.   We receive many emails and phone calls in December with inquiries on reserve levels.  Many CFO’s, owners, risk managers, agents (etc.)  want to clean up the loss runs before the end of the year.

Students Waste Time On Workers Comp computer
Wikimedia Commons – Michael Surran

If the upcoming renewal on January 1st is the reason you wish to do a loss run and reserve review, you are wasting your time.  The best way to spend your time if you have a 1/1/2014 renewal date is by starting a loss run review schedule for 7/1/2014.  This is when your reserve reviews peg to your Experience Mod (E-Mod) for your 1/1/2015 renewal date.

The loss run dated 7/1/2013 should be used for your 1/1/2014 renewal.  The best way to look at the missed opportunity is by being prepared for your 7/1/2014 Unit Statistical Date.

There are numerous articles on this blog that pertain to planning a loss run review program.  Using the search box in the top right part of the blog will be the easiest way to find the articles on loss run or reserve reviews.   If you wish to click directly over to the articles, they are listed below with the proper links.

The main goal is to make sure that your company starts to review your loss runs long before the date your E-Mod affects your insurance program.  As always, a great safety program will keep your company from having to worry about loss runs.

If there are no accidents, the loss runs will have no claims listed on them.  The lack of claims on your loss runs means your company is keeping out of the E-Mod system as much as possible.

Man Sleeping Waste Time On Workers Comp On Office Table

Articles for loss run review links are below:

Unit Stat Date
Reserve Review Program

One group of companies will find it best to start analyzing their Workers Comp reserves in December.  I will cover that next time.

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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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