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Top 10 Self Insured Resolutions For New Year 2017


Top 10 Self Insured Resolutions – 2017 and Beyond

The self insured resolutions for 2017 is an update of the last three years.   I used to write resolutions for the voluntary marketplace only until a friend of mine asked about self insured resolutions.   Many of the recommendations center around your Third Party Administrator (TPA).

Picture of long road 2017 and buildings Top 10 Self Insured Resolutions

I have tried to write a large number of articles for self insureds over the years.    The following are the Top Ten for 2017 – some will be reiterations of 2016 with a twist or two:

  1. Obtain and know your LDF (Loss Development Factor)  – As in Google Maps, you have to know where you want to start from if you are trying to find directions.   If you do not have an LDF you need one NOW.  Call me or email me if you do not have one.
  2. Working relationship with adjusters – know their names and let them know what you are doing in the areas of the Six Keys To Workers Comp Savings.   Think of them as remote contracted employees.
  3. Use email – not phone calls
    Pen Self Insured Resolutions on top of paper
    Wikimedia Commons – Pete O’Shea

    – written documentation is paramount.  Your adjusters – see #2 will appreciate limiting inquiry phone calls.

  4. Conquer Your TPA expenses – review your TPA contract, use #3 heavily if you have questions on what you were charged to handle your claims.
  5. Watch the Learning Curve for Accident Spikes – Safety is so very important here.   If the economy picks up under President Trump (assumption), the first time someone uses a machine, drives a new route, etc. is when a large % of accidents occur in the workplace.
  6. Use online access when available – Accessing your claims information online is a real-time and headache saver.  Combine this with #3 above to keep your communication time dedication lower.
  7. Attend A Workers Comp or Safety Conference of some type – there are many mentioned in these articles, use the search box to see about upcoming or past, the things you will learn are astounding such as new vendors or technology upgrades.

    Mailbox Self Insured Resolutions Outside At House
    Wikimedia Commons – User:Steevven1
  8. Subscribe to our weekly Newsletter – free and to the point, subscribe using the box at the top right, we do not sell or rent out our mailing list, never.    Yes, a self-serving one.
  9. Obtain Your Loss Runs and memorize them –  know the who, what, when, where, how, and why of all your accidents.  See #6 for the best way to obtain loss runs.
  10. Write an article on Workers Comp – even if it is just for your internal company news.   I have learned so much in writing articles over the years.  Try it.  You will like it.   Feel free to reference and use the 1600+ articles in this database.   Use the search box for any subject.  I am not the greatest author on the planet, but I had to start somewhere.


The list could go on and on – these are just off the top of my head. Speaking of newsletters, I have to get one out now.  Thanks for reading the Top 10 Self Insured Resolutions for WC.   Comments are cheerfully welcomed.

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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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