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First Aid Kit For Workers Comp Premium Savings – Seven Items


Workers Compensation Premium First Aid Kit

A good Workers Compensation premium first aid kit contains seven main items.

Picture of Workers Compensation Premium First Aid Kit
Wikipedia – ProjectManhattan

One of the most popular questions we receive at presentations, emails, and social media is “How do we fix our Workers Comp situation  now?”   As mentioned often in this blog,  WC is a very delayed system.  Fixing your Workers Comp now will show fully in the results 3 -4 years in the future.

The seven items to include in your Workers Comp premiums first aid kit are: (clicking on each will bring up an associated article)

  1. Loss Runs – you have to know where you are financially on each claim.  Online loss run access is a very important part of fixing your WC wounds.  You cannot treat something if you do not know where it is located on your body.   There are many articles on loss runs in this blog.  Use the search box to find more on loss runs.
  2. Policies – these are similar to the little instruction manuals in first aid kits.  You have to know what is available in your WC first aid kit.  Policies are similar to the contents list in the first aid kit.   You need to read these BEFORE you have a WC problem.  As with Loss Runs, using the search box will list many articles on policies.
  3. Hand Holding Magnifying Glass Workers Compensation Premium First Icon

    Experience Mod Sheets – Knowing the seriousness of the wound will point you to use the proper material.  Access to Experience Mod sheets has become much simpler over the last few years.  As an employer, you have the right to receive a copy of your E-mod sheets each year.  Most of the time, we have seen the sheets end up in the trash or being just filed away.

  4. Premium Audit Workpapers and Bill – the most lacking in what we see in everyone’s first aid kit.  Your true final result for the year is the FINAL premium audit.  How do you know how well your efforts have healed your program without the final results?
  5. Adjusters Contact Information – your WC adjuster should be thought of as a team member of the Risk Management, Finance, and HR departments.  If you do not have this information, you should go find it after reading this article.  Adjusters can be thought of as wound dressing.  Without them, the wound could become quickly infected.
  6. Vector Graphic of Workers Compensation Premium First Stethoscope with Money

    Medical Network (2nd Level) – sometimes the wounds become infected no matter what treatments are applied to it.  Knowing the first level  PCP’s (Primary Care Physicians) is good, but does the PCP know where to refer your injured employees for orthopedic, neurological, dental, vision, or other kinds of treatment?  You need to have this list at your fingertips.

  7. Scans vs. Paper – your first aid kit needs to be accessible and organized.   Scanning the documents- if that is OK with your IT department -will easily organize your first aid kit.  You may need to treat a wound quickly.  Shuffling through piles of paper and/or numerous files may not be the best method.

There may be other items to include in your kit.  These seven will have you on your way to workers’ compensation premium savings.

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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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