| Workers’ Compensation
Our products offered are varied and specialization diverse; however, our process driven approach to Workers’ Compensation sets us apart. Program structure, specialty carriers, competitive pricing, management of key dates, consistent service support, measured results and benchmarking, reduce costs and improve insurability.
For most organizations, Workers’ Compensation is generally one of the largest required insurance expenditures. One Risk Group, LLC is committed to providing our clients with Workers' Compensation program management expertise to assist with controlling this major expense area.
The One Risk Group, LLC structured approach to Workers’ Compensation encompasses three major areas:
- Program Design
- Support/Advocacy
- Administration
1) Program design includes the development of a program that fits corporate objectives from a risk tolerance, cost and service perspective.
- Needs assessment and risk tolerance evaluation
- Loss trending, forecasting and analysis
- Market analysis and strategy including marketing, carrier selection and representation
- Program implementation including carrier installation meetings and protocol
- Service Timeline
2) Support/Advocacy includes Loss Prevention and Control Services and Claims Management:
Loss Prevention and Control services are offered to supplement insurance carrier activities. Our professionals will serve as your liaison in directing, coordinating and providing safety related support services.
Available service include:
- Training
- Coordinate and monitor insurance carrier services
- Supervisor/Management training
- Training information and resources
- Organization and development of procedures including accident investigation and reporting
- Ergonomic assessments and training
- Emergency response/disaster recovery
- Compliance
- Injury and Illness Prevention Programs
- Safety Committee guidelines and participation
- CAL/OSHA requirements and audits
- Fire protection requirements
- Site Visits and Hazard Identification
- Jobsite or facility visitation
- Hazard identification and assessment
- Machine guarding assessments and programs
- Industrial Hygiene
- Safety Audits
- Trend Analysis
- Evaluation of historical loss information
- Frequency
- Severity
- Trends
- Benchmarking: individual, peer group and industry comparison
Claims Management is comprised of consultation, audits, arranging service agreements, coordinating special handling instructions, and aggressively negotiating reserve reductions.
Combining experience and advocacy, One Risk Group, LLC, provides clients with support that ensures the insurance products we negotiate respond as intended without delay and disruption.
Effective Workers’ Compensation claims management can reduce both direct and indirect costs; costs associated with the injury itself and those associated with the administration of the claim and loss of productivity. One Risk Group, LLC structures a customized plan that provides clients with support to minimize the impact of claims.
- Proactive review and monitoring of new claims
- Review of prior years’ claims that have an impact upon current or future program costs and experience modification
- Consultation and strategy with problematic or questionable claims including assistance with ensuring proper investigation
- Critical claims reserve review prior to WCIRB and NCCI Experience Modification calculations
- Experience Modification projections that help clients budget for the future
- Assistance in selection and review of Occupational Medical Providers and Networks
- Assistance with implementation of first aid and return to work /transitional work programs
- Coordination of claims review meetings
- Loss analysis and trend reports
- Special claims handling instructions
- Structuring service agreements
- Coordination with short term and long term disability
3) Administration encompasses all of the reports and information used in the development of premium and representation to insurance carriers
- Experience modification-audit, analysis, projection to ensure your “ex-mod” is at the lowest possible level
- Classification codes-review and scrutiny of payroll classification and assignment of proper codes to ensure accuracy and lowest possible premium is achieved
- Payroll audit-assistance with review of payroll audits and assistance with insurance carrier discrepancies
- Loss reports-periodic reports issued per our agreed upon requirements and online availability with select insurance carriers through us or offered directly to you
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