Workers Comp Reserve Reduction Strategy – Do This Last Critical Step Many articles in this blog center around formulating and enacting your workers comp reserve reduction strategy. We have heard from many article/blog readers -where the anticipated reserve reductions did not tabulate properly. We heard from an agent today with
Animal Rescue Loss Run Analysis Reduced Workers Comp Reserves – Short Deadline We reduced Workers Comp reserves for an Animal Rescue and Veterinary in 30 days by 300,000 was one of our most recent successes. How do we do it? Follow along – maybe you can do it for your
Reserve Question And Premium Audit = Not The Same Thing We received this reserve question earlier this week. I thought I would address it now as there seems to be some confusion on the premium audit and reserving process for Workers Compensation. The emailed question was – How often should
Reserve Reduction Plan For E-Mods Workers Comp reserve reduction review plans need to be on schedule. I have devised a formula for calculating when your reserve or E-Mod reduction plan should begin overall. As I posted last week, you should start three months BEFORE your Unit Stat date. Sound
Reserve Reduction Plan And The Unistat Date I wrote last week on the timing and deadline for having your Workers Compensation reserve reduction plan in place. If your company has not begun with the plan, you are throwing away Workers Compensation Dollars. If your renewal date is January 1, you
Workers Comp Reserve Reduction Program I was going to construct a chart on when your company’s Workers Comp reserve reduction program would need to begin overall. I think that a formula would be easier. For a quick date calculator, try this one. There are two assumptions that have to be
Loss Run Online Access Is Just The Beginning You have online access or you have all of the loss runs – what do you do now? You will mainly be concerned with just the reserving part of the claim for now. One of the important points to remember is that with a
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