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Workers Compensation Cost Cutting – Silent Fifth Key


#1 Workers Compensation Cost Reduction Technique

The art of Workers Compensation cost cutting is one of those specialized areas that may have been put on the “back burner”.   The new healthcare laws and other concerns have dominated the employer landscape over the last few years.

Hand Gesture Workers Compensation Cost Number One

Workers Compensation cost concerns seem to now focus on how to find the “bargain.”  Actually, the bargain that I see most of the time is the shopping of policies.  That is one of many techniques that an employer can use to cut their bottom line.

In 1989, I first wrote the Three Keys To Workers Compensation Cost Cutting.   They were my bedrock for presentations where (gasp!) I used overhead slides.

They are:

  1.  Immediate Reporting of Injuries – no exceptions or excuses – immediately.
  2. Medical Treatment Network – spending time setting this up can make or break a WC program
  3. Return to Work Program – takes more time to accomplish – the savings are huge
  4. Employee Treatment –  this one was added in the 1990’s
  5. Adoption by Management – this one was added in 2005 – more on that one in a moment.
  6. Understanding your E-Mod sheets and premium audits
How Workers Compensation Cost being planned
Wikimedia Commons – Intel Free Press


The main shortcoming I have seen by employers is actually #5.   I am not saying that all employers do this whatsoever.  Many employers do more than this list for their own type of business.  Staying generic as possible is the best way for me to cover all 50 states in bullet points.

The Workers Compensation cost cutting technique #5  if ranked by most important would be #1.  Without an effort by the “big cheeses”  to cut Workers Compensation costs, all prior and future efforts are in vain.

A client will bring me back in after a few moths or years in some instances.  The custom cost-cutting manual will sometimes still be on the shelf where I left it.  If it is an electronic file, it shows the last time anyone accessed the file was the date I finished it previously.

This is the search to bring up the other articles  that have keys to cut your workers compensation cost.



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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