Insurance Academy – Presenting – Webinar Tomorrow 130 PM Eastern

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Insurance Journal’s Insurance Academy Presentation by James J Moore

The Insurance Academy that is part of the Insurance Journal invited me to do a free-form presentation tomorrow at  1:30 PM Eastern.  Insurance Academy Sign Up Page Insignia

  I decided to do one on how sub-contractors and contractors have been shut out of contracts for a .01 too high-risk factor.   

Yes,  .01 can lose companies millions and turn the rating bureaus into quasi-credit bureaus.   The Insurance Academy presentation is located here if you wish to sign up.  

How did I come up with this topic?   We receive phone calls and emails on this very topic weekly, if not daily.  Bidding on contracts changed a few years ago when certain new contract clauses caused quite a stir. 

The webinar description:

The newest trend in Workers’ Compensation works against any company or organization with an Experience Modification Factor (E-Mod or X-Mod) over 1.0.  Public sector RFP requirements have been designating “no bidding” on contracts if the E-Mod is over 1.0 for years.  

The trend has now spread to private employers on bids and subcontracts.   This is currently a hot topic among agents and Risk Managers.

In this webinar you will be able to see how an E-Mod:

  • Can increase to an unacceptable level with just a few dollars of increased claims. 
  • Affects Contractor coinsurance requirements
  • Decreases with a targeted Loss Run review
  • Can be “negotiated”

The webinar will also cover the E-Mod cycle and how to plan for the future E-Mod levels.   Alternatives to the regular insurance marketplace will also be covered in detail. 

The shocking part of the development is that agents, Risk Managers, and small business owners may not realize the Workers Compensation rating situation they are in until their bid is rejected by a governmental entity or prime contractor.   We have many clients that have come on board with us just to stave off losing up to 80% of their business overnight.  

Even if you cannot make the webinar, if you register, you can receive a recording of it to listen to later.   It is free to members of the Insurance Academy.  

©J&L Risk Management Inc Copyright Notice

  

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

2 Responses

  1. What’s up tօ all, the contents exiѕting at this web site are in faсt
    remarkable for people knowledge, well, keep up the nice work fellows.

Comments are closed.

Table of Contents

Related...

James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt 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

Subscribe

Get the latest workers' comp news FREE!

Name
This field is for validation purposes and should be left unchanged.