October 2012

3 Ways to Improve Your Chances of Earning a Workers Compensation Dividend

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October 11th, 2012

A lot of business owners concentrate on the dividend portion of a workers compensation insurance policy. Rightly so, it’s a significant refund and can be critical to the bottom line of any business.  What business owners and CFO’s don’t often realize, though is that if you manage your experience MOD first, the dividends will follow. If» Read Full Article

Obese Workers Have 50% More Work Comp Claims

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October 8th, 2012

The State of Wisconsin estimates it could save $12 billion dollars if residents “slim down”. With National Health Expenditures continuing to rise, employers profits are being consumed by healthcare costs.  Some estimates are as high as 58% after taxes!  Today, nearly half of all workers compensation claims include loss time or disability rating. In particular,» Read Full Article

New Split-Point change! Can we project your 2013 experience modification?

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October 5th, 2012

Absolutely!  We will say that with CAUTION.  The State of Wisconsin has a rate change date of 10/1/13.  Our in-house Smart Comp program projects and verifies mods on a routine basis.  CAUTION:  With this 10/1/13 rate change, comes changes in the “D” ratio.  The “D” ratio is a factor used to determine the amount of expected losses» Read Full Article

Long Term Care Insurance: The Earlier, The Better

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October 2nd, 2012

People find it hard to envision themselves needing hands-on assistance with basic living activities like bathing, getting dressed, and eating so they avoid thinking about it altogether.  Statistics show that over 70% of people who reach age 65 will require long term care services at some point. The unknown factor is how long you will» Read Full Article