With so many hands tinkering with your Workers' Compensation Insurance, chances are you're going to be overcharged.
Consider just how many people are involved in figuring out your Workers'
Compensation charges:
Insurance company underwriter, the one who makes decisions
Insurance company nurse
Underwriter's assistant
Employer
Claims adjuster
Employer's staff
Claims assistant
Employee
Insurance company rater
At least two data processing clerks
Workers' Compensation Rating Bureau
personnel
Current insurance agent
State personnel
Insurance agency staff
Clinic physicians
Medical specialists
Clinic staff
And quite possibly, lawyers
With all of these people affecting how your Workers' Compensation
Insurance is managed, how would it be possible for errors and even major
mistakes that cause you to be overcharged not to occur?
Overcharges also arise from:
Clerical errors
Incorrect reporting of payroll figures
Mishandling of on-the-job injuries
Violation of merger rules
Multi-State business
Changing your business
Not taking advantage of available credits
Not taking legally entitled deductions
Sloppy injury management
Botched Ex-Mod management
Misunderstanding of rules
Gray area defaulting to the insurance company, not the employer
Putting employees into the wrong job classifications
Why
you need a Certified WorkComp Advisor
The complexity of Workers' Compensation makes it vulnerable
to mistakes and errors. The Institute of WorkComp Professionals
provides:specialized training, certification testing, certification
updating every three years, continuing education program, limited
to 350 insurance agencies nationwide.
