This seminar is designed for human resource directors, controllers, accountants, insurance claims representatives, occupational health nurses, risk managers, safety directors and attorneys.
Rates are heading up nationally for this line of insurance. Employers who act now to identify their workers’ compensation problems and select the right tolls to correct them can be years ahead of their competition. This seminar reviews both popular and not-as well-known strategies and discusses why they succeed or fail. No single step successfully attacks a workers’ compensation problem. By insurance pricing rules, what an employer does today will affect insurance premiums years from now.
This seminar covers all the elements of the pricing structure of workers’ compensation. It will provide you with the tools to help your client/employer get in control of what is often the second or third largest payroll cost. Taking right steps today will pay off for years to come.
Professionals involved in workers’ compensation issues know that high costs associated with claims and insurance premiums present a source of frustration for many employers. This highly informative seminar will explore and clarify the complex issues associated with workers’ compensation costs and provide practical and effective strategies, proven to reduce short- and long-term workers’ compensation costs without effecting the needed level of protection. Experienced and knowledgeable speakers will cover:
• Commonly Overlooked Workers’ Compensation Cost-Saving Strategies
• Job Class And Payroll Reporting Options Proven To Save Money
• Basic Cost-Reducing Techniques That Will Not Affect Employees
• Risk Management Procedures That Affect Workers’ Compensation Costs
• Recognizing Areas Where Injuries And Illnesses Are Likely To Occur
• Key Elements Of A Successful Safety Program (And Why They Should Not Be Ignored)
• Handling Employees Who Fail To Comply With Safety Procedures: Education, Discipline, And Termination
• The Importance Of A Solid Working Relationship With The Insurance Provider
• How To Compare Insurance Premiums With Other Organizations
8:30 a.m. - 9:30 a.m.
I. Overview Of The Workers Compensation System
A. Historical Background
B. Social Philosophy
C. Coverage And Benefits
D. What Constitutes Employment, Employer And Employee
E. Administration By Workers’ Compensation Board
9:30 a.m. - 11:15 a.m. (Break 10:30 a.m. - 10:40 a.m.)
II. OSHA, FMLA And ADA Concerns
A. Statutory Issues
C. Proactive v. Reactive
11:15 a.m. - 12:30 p.m.
III. Compliance With Insurance Requirement
C. Group Self-Insurance
E. Penalties For Failure To Procure Workers’ Compensation Insurance
F. Insurance v. Self-Insurance
12:30 p.m. - 1:30 p.m.
Lunch (On Your Own)
1:30 p.m. - 2:45 p.m.
IV. Insurance Premiums/Self-Insured Contributions
A. Experience Rating
B. Premium Calculation
D. Long Term Planning
2:45 p.m. - 2:55 p.m.
2:55 p.m. - 4:30 p.m.
V. Claims Management: Controlling Workers’ Compensation Costs
A. Active Employer Involvement In Claims Management
B. Safety Incentive Programs
C. Preferred Provider Organizations
D. Managed Health Care Pilot Program
E. Return To Work Programs
F. Effective Claims Management
G. Effective Use Of IMEs
H. Cost/Benefit Analysis Of Claims
J. Surveillance And Investigative Tools
K. Third Party Administrators
L. Attorney Representation
M. Alternative Dispute Resolution Program