Risk-Surance™ Toolbox
Risk-Surance™: A unique blend of risk management and business insurance to help make your company “bulletproof.”
When it comes to protecting your company, basic business insurance is a good start, but there’s much, much more that can be done.
You see, in today’s sue-happy culture and tougher regulations, becoming bulletproof is more important than ever.
For example, OSHA issued 21,123 citations in one year; that’s 84 per day, and many of the fines were well over $100,000?
Or how about this, if anyone in your company is accused of sexual harassment, wrongful termination, age discrimination, or retaliation it’s going to cost you an average of $125,000 in legal defense, and another $80,000 if there’s a settlement.
Below are the tools to help you start the process of becoming “bulletproof.”
Click here to schedule your consultation and determine if we can help
Hiring Process
Hiring Process Overview
Hiring Process Overview
If 1/3 of all work place injuries occur with new employees, we all need to do a better job with the hiring process.Today, we’re diving into your hiring process, and let me tell you, you rethink your entire HR game.Let me tell you a quick story, another insurance agent asks me to act as a consultant and handle the workers’ comp program for his client. His client is quickly expanding, hiring left and right, and needed something more than just work comp insurance, they needed some risk management processes.Okay, several months ago, my new client hired Joe…
Hiring Process Checklist
Hiring Process Checklist
If you don’t have a hiring process checklist, you putting your company at risk.A hiring process checklist isn’t just another to do list; it’s your guide to making sure nothing slips through the cracks during recruitment. In regards to preventing work place injuries, this is where it all starts. So, remember to double-check that checklist before making any job offers!Here’s the thing, when it comes the hiring process, most companies have things covered from a legal HR point of view but the missing the boat when it comes to risk management, employee injury prevention. We need to do everything possible to determine…
Employee Manual
Employee Manual
Let’s talk about something every business with employees needs – an employee manual. It’s like the rulebook for your company, and trust me, it’s a “must-have.” Your employee manual isn’t just a stack of papers; it’s your guide to compliance, expectations, and the do’s and don’ts of your workplace. Think of it as your company’s GPS for staying on the right track. Your employee manual and safety manual work together as your secret weapon for reducing risk and scoring lower workers’ comp premiums. You see, your safety manual needs to include all your safety rules and expectations, and your employee manual needs to have the disciplinary action for not following those rules…
Job Descriptions
Job Descriptions
Would you like to set clear expectations with your employees, prevent bad hires and have an extra layer of liability protection for your company? Let’s talk about Job Descriptions Now, when it comes to crafting the perfect job description It’s not just about listing duties and qualifications, oh no, it’s about painting a vivid picture of what it takes to thrive in your organization. From the job title to the fine print, every detail matters. First up, let’s talk physical requirements. Make sure your job description spells out exactly what kind of heavy lifting or marathon running might be involved…
Job Task Analysis
Job Task Analysis
If you’re eager to boost workplace safety, trim expenses, and ramp up profitability, then listen up. We’re about to discuss a great risk management tool called a Job Task Analysis. So, what exactly is a Job Task Analysis? Think of it as your guide through the ins and outs of every job role. From duties and skill requirements to the nitty-gritty details of each job in your company, it’s like having a roadmap to success…
Past Employer Interview
Past Employer Interview
Ever heard the saying, “To predict the future, look to the past”? Well, when it comes to hiring, diving into a candidate’s work history can be the crystal ball you’ve been searching for. Welcome to the world of Past Employer Interviews – where a little detective work can lead to smarter hiring decisions and lower work comp rates.
So, picture this: you’re faced with a crucial hiring decision, and you’re itching to know if that shiny resume matches reality. Cue the Past Employer Interview – your ticket to uncovering hidden truths and avoiding potential hiring headaches…
Driving Record Review
Driving Record Review
Picture this: your employee gets into a fender-bender while on the job, and suddenly, you’re knee-deep in not only an auto insurance claim but also a workers’ comp claim. Sound familiar? It’s a scenario every employer dreads, but fear not–there’s a way to try and dodge this pothole thought the use of the Driving Record Review. Now, let’s cut to the chase: why should you care about a candidate’s driving history? Well, for starters, it’s like peeringinto a crystal ball of potential risks and liabilities they’re bringing with them. Think past traffic violations, suspensions, orother red flags that could spell trouble down the line…
Employment Eligibility Verification
Employment Eligibility Verification
Imagine this: a workplace injury occurs, and your employee needs workers’ comp benefits to cover their medical bills and lost wages. But here’s the catch–if that employee isn’t legally employed, we could have an issue. So, How do you ensure your employees are on the up and up? Cue the I-9 and E-Verify, your trusty sidekicks in the battle against illegal employment. First up, is E-Verify. With just a few clicks, you can verify your employees’ eligibility faster than you can say “red tape.” Plus, it’s free of charge and taps into the mighty databases of the US Department of Homeland Security and Social Security Administration. Talk about efficiency at its finest. Just go to e-verify.gov, that’s e-verify.gov…
Vehicle Use Agreement
Vehicle Use Agreement
Imagine this: your employee is on the road for work, and bam – they’re involved in an accident. Now you’re not just dealing with auto insurance claims, but workers’ comp headaches too. Talk about a double whammy. But fear not, my fellow employers, because there’s a risk management tool that can help avoid or at least reduce the incidents of auto accidents, and it’s called the Vehicle Use Agreement.
Now, what exactly is this magical document? Think of it as a driving contract that lays out the rules and clear expectations for anyone behind the wheel of a company vehicle, or their own vehicle being used for company purposes…
Drug & Alcohol Policy
Drug & Alcohol Policy
Listen up, folks: implementing a solid drug and alcohol policy isn’t just about ticking boxes – it’s about safeguarding your employees, your company, and your bottom line. Let’s cut to the chase: why does a drug and alcohol policy matter? Well, for starters, it’s like having a safety net in place to catch any risky behavior before it spirals out of control. From deterring drug users from applying to your company to boosting morale and productivity, the benefits are crystal clear…
Post-Offer, Pre-Placement Exam
Post-Offer, Pre-Placement Exam
Have you ever hired someone only to find out they physically can’t handle the job? Talk about a bummer and a headache! But fear not, because I’ve got just the prescription to save you time, money, and frustration: the Post-Offer, Pre-Placement Exam. So, what exactly is this magical exam? Think of it as a sneak peek into a potential new hire’s ability to handle the physical demands of the job. It commonly starts with a typical medical exam, a review of their medical history with the doctor, and then the physical tests. If they need to climb a 30-foot ladder, move plywood, and push a loaded wheelbarrow, well those should be included in the test…
Non-Compete & Non-Piracy
Non-Compete & Non-Piracy
Picture this: you’ve built your business from the ground up, pouring your heart, soul, and endless hours into making it a success. But then, disaster strikes – a key employee jumps ship, taking your top clients, trade secrets, and sanity with them. Talk about a nightmare! But fear not, because I’ve got just the thing: the Non-Compete & Non-Piracy Agreement. Now, let’s break it down. A Non-Compete Agreement puts the brakes on employees jumping ship to work for your competitors. We’re talking about keeping those top-notch talents from offering similar services or products that could directly compete with yours. As for the Non-Piracy Agreement, it’s like installing a security system for your business secrets – preventing employees from swiping confidential info or client lists on their way out the door…
Criminal Background Checks
Criminal Background Checks
Has it ever felt like you’re navigating a minefield when it comes to hiring new employees? Well, with criminal background checks, you can step into your hiring process with a little more confidence, knowing you’ve got another tool to help you avoid another bad hire. Let’s face it–the last thing you want is to bring someone on board who poses a threat to your business or your team. That’s where criminal background checks come in handy. By taking a peek into a candidate’s past, you can spot red flags like assault, theft, or domestic violence that might make you think twice about extending that job offer…
Work From Home Agreement
Work From Home Agreement
In today’s world, remote work has become more common than ever before. But with this shift comes a new set of challenges for employers, particularly when it comes to ensuring the safety and productivity of their remote workforce. That’s where a Work From Home Agreement comes into play. Think about it – when your employees are working from home, the lines between work and personal life can easily blur. From tripping over pets on the way to the bathroom to navigating cybersecurity threats, there’s a lot to consider to keep your team safe, productive, and legally protected…
Work Comp Benefits Awareness
Work Comp Benefits Awareness
When your employees know you care about their well-being, it builds trust and loyalty. So by educating them about work comp benefits, you’re showing that you’re invested in their safety and security. If we become scared or confused, they are much more likely to seek legal counsel, and this is true with your employees. In the case of a workplace injury, once your employee lawyers up, all direct communication between you and your employee will stop immediately, and all future communication must occur via the attorneys. You can no longer speak to your employee about their progress, offer them light-duty work…
Safety & Compliance
Safety & Compliance Overview
Safety & Compliance Overview
Let’s talk about the magical world of safety and compliance. Have you ever wondered why your business insurance feels like it’s on a never-ending escalator, always going up. Well, here’s the scoop. According to the almighty OSHA, workers with safety training can cut their accident risk by a jaw-dropping 60%. And here’s the real kicker, for every buck you throw into safety training, you save a whopping four dollars. Just image being at slot machine and for every dollar you stick in that thing, four come out. I’d play that game all day! Safety training isn’t just about avoiding mishaps; it’s your golden ticket to safety and savings…
Formal Safety Training
Formal Safety Training
OSHA handed out 21,123 citations just in 2022, that’s about 81 citations per business day! Today, we’re diving into the world of OSHA’s formal safety training, and believe me, it’s no walk in the park.hint of disbelief: Imagine a Lock Out/Tag Out program going haywire, the electrical panel isn’t locked and your 19-year-old employee received an electric shock, medical costs spiral out of control, the employer’s work comp experience mod skyrocketing from .75 to 1.84 – causing the work comp insurance premiums to double overnight, and the cherry on top, an OSHA fix-it ticket followed by a hefty fine. This is a real story of a client of mine…
Informal Safety Training
Informal Safety Training
Today, we’re shifting gears to explore the world of informal safety training, and trust me, it’s a game-changer when it comes to keeping your workers’ comp insurance premiums in check and your employees smiling.Hint of wisdom: OSHA is the wise old wise man of workplace safety, and they strongly encourage employers to embrace informal safety training. Why? Because it works, it’s a very effective way of teaching your crew about the nitty-gritty hazards they face on the job. And remember, blending both formal and informal safety training is the secret sauce to keeping those insurance premiums from spiraling out of control.
Seasonal Employee Reorientation
Seasonal Employee Reorientation
If you have a seasonal business, and you’re looking to keep your team safe and your profits up, you’re in for a treat. Today, we’re talking about Seasonal Employee Safety Reorientation.Springtime safety training for seasonal employees is a smart move that can cut workplace injuries, improve your work comp experience mod, and save you some serious cash on insurance. But what exactly should you cover? Well, here are some ideas:
∙ Mention some quick OSHA stats.
∙ Review your previous injuries, near misses, and what to look out for.
∙ Go over company safety rules.
Annual Injury Analysis
Safety: Annual Injury Analysis
Let me ask you this, how do you know if you’re focused on the right thing when it comes to safety at your company? And where is the next injury likely to occur?Well, the best way to predict the future is to study the past.I believe that an annual injury analysis is one of THE most valuable risk management tools for injury prevention.By diving into your past injury data, you can uncover trends, root causes, and areas for improvement. Typically, this analysis is a team effort involving your insurance agent, risk manager, and leadership team utilizing your workers’ comp loss runs from the past five years, your OSHA log, incident reports, and employee surveys.
Safety Committee
Safety Committee
Creating a safer workplace is about fostering a Safety culture and a good way to do that is by forming a safety committee. Your safety committee becomes your frontline defense against workplace injuries, reducing work comp claims, reducing recordable OSHA incidents, reducing insurance costs, increasing production, increasing morale, and increasing profits. Your Safety Committee is pretty damn important…
Written Safety Manual
Written Safety Manual
In the world of workplace safety, having a written safety program isn’t just a formality, it’s required by OSHA and when used correctly, it’s an effective tool to reduce injuries. Now whether you’re in Minnesota and call it your AWAIR Program, A Workplace Accident and Injury Reduction Program (AWAIR), or you’re in California and call it your Injury and Illness Prevention Program, or another state and have another name for it, the goal remains the same: keep your employees safe. But here’s where most companies fail, having that safety manual in place is one thing; but making sure it’s put into practice and kept up-to-date is a whole other ball game.
Cobra
Cobra
In the world of employee benefits, the Consolidated Omnibus Budget Reconciliation Act is a crucial lifeline for your employees when they face unexpected healthcare challenges. If your company has 20 employees or more, COBRA REQUIRES you to extend healthcare coverage in specific scenarios, because it can provide healthcare coverage to employees and their families during tough times. In regards to employee injuries and work comp insurance, here’s the thing: When an employee’s injury or illness prevents them from returning to work on a full-time basis, COBRA might need to step in to ensure they can maintain their healthcare coverage…
FMLA
Safety FMLA
If your company has 50 employees or more, you need to be compliant with the Family and Medical Leave Act (FMLA). This federal program mandates providing eligible employees with up to 12 weeks of unpaid, job-protected leave for medical or family reasons, ensuring their peace of mind during challenging times, such as a “serious health condition.” To be eligible for FMLA, the have to have at least 50+ employees located within a 75 miles radius and the employee needs to have worked for you at least 1250 hours in the last 12 months.
ADA
Safety ADA
Are workplace injuries and compliance concerns keeping you up at night? As a business leader, you understand the importance of fostering a safe and inclusive work environment while maximizing profits. But did you know that ensuring compliance with the Americans with Disabilities Act ADA can be a game-changer for both? The ADA was enacted to protect individuals with disabilities from discrimination, and all businesses with 15 or more employees need to be ADA compliant, which means you need to provide reasonable accommodations to qualified individuals, ensuring equal opportunities for all.
New Injury Response
New Injury Process Overview
New Injury Process Overview
f you have a few New Injury Packets ready at all times the injured employee can bring the New Injury Packet to their first visit. If the injury requires emergency care, I wouldn’t bother with the New Injury Packet, instead, go straight to the ER.If you already have a preferred occupational health facility that provides clear work restrictions and almost always recommends that injured employees immediately return to work. In that case, the New Injury Packet is unnecessary. But if don’t have a relationship with a good occ med facility or if you’re having issues with unclear work restrictions, a New Injury Packet will be helpful.
Medical Triage
Medical Triage
Not only can medical triage services help your employees receive the right care, and greatly reduce work comp claim frequency, it can reduce fraud and get claims closed faster. And, this service is typically free! Alright, folks, it’s time to talk about Medical Triage – the superhero of claim management. This bad boy has been known to slash claim frequency by a jaw-dropping 40-60% and adds an extra layer of fraud protection and legal support. So, when your injured employee calls the Triage hotline, they’re not just getting a friendly voice on the line. Nope, they’re getting an occupational nurse…
Occupational Health Medicine Providers
Occupational Health Medicine Providers
If your company doesn’t have a relationship with an Occ Med Facility, you’re playing with fire. We’re diving headfirst into the world of Occupational Health Providers.imagine you have a choice between two clinics: one’s your run-of-the-mill general medical clinic, and the other’s a snazzy occupational health clinic. The general clinic. It’s your all-purpose, one-stop-shop for whatever ails ya. They handle everything from runny noses to tummy aches, and they’re not too fussy about where you got those sniffles from. These folks are like the jacks of all trades in the medical world, ready to tackle anything that walks through their door…
OSHA Log
OSHA Log
If you’re in the construction industry and work as a commercial subcontractor, you may have noticed an increased emphasis on your OSHA log when submitting a Bid/Quote. Many general contractors use your OSHA 300 as a reflection of your safety practices and your company’s overall management. High injury rates are interpreted as ineffective safety policies and inadequate employee training. So, while adhering to OSHA compliance and recording standards is crucial, it’s important not to record unnecessary injuries to avoid creating false impressions that can adversely impact your bid success. Now even if you’re not in construction, it’s still import to manage your OSHA log…
First Report of Injury
First Report of Injury
From minor mishaps to major injuries, every workplace incident begs the question: do we file a work comp claim or not? As a business owner, navigating the world of work comp claims is just part of business so let’s get into it. Every time an injury occurs in the workplace, it’s important to stop, think and determine if a First Report of Injury should be completed or if you should complete an internal incident report. A FROI means you’re going to file a work comp claim — an incident report is just making a written record of what occurred and can be referenced later if the injury or illness gets worse.
Claim Management
Claim Mangement Overview
Claim Management Overview
One bad work comp claim can cause a huge increase in your work comp insurance costs and hang on your mod for 3 years before it drops off. Alright, let’s dive into the wild world of claim management. But here’s the thing, simply relying on your workers’ comp company to handle it all is like crossing your fingers and hoping for the best.So, picture this – your friendly neighborhood claims adjuster, juggling a whopping 100 to 200 open claims at once. With all those moving pieces, it can be like a circus act without a net, and things are bound to fall through the cracks…
Return-to-Work Program
Return-to-Work Program
I believe that a well written return-to-work program is a Top 3 all time important tool when it comes to your company’s work comp risk management program.RTW goes by many names – “early return-to-work,” “recover-at-work,” “light-duty,” and “modified duty” – but they all share one common goal: getting your valuable team members back on the job.A well-written RTW program, keeps your insurance premiums down and your production up but it also helps ensure your employees receive their full wages during their light or modified duty phase – because when they’re not at work, your employees are only being paid 2/3 of their average weekly rate.
Written Offer for Light Duty
Written Offer for Light Duty
Okay, now that your injured employee has returned from your preferred occupational health medical clinic, you should receive a well-written Work Ability Report providing clear work restrictions. From this report, you must offer your employees light duty within their work restrictions. Here’s the thing, your offer of light duty should always be made in writing, which may take the form of an email or a certified letter. A certified letter is secure and provides verification of delivery but may take too long to arrive, so I suggest email, because not only is it faster, but it will also contain a time and date stamp as to when it was sent.
New Injury Packet
New Injury Packet
If you have a few New Injury Packets ready at all times the injured employee can bring the New Injury Packet to their first visit. If the injury requires emergency care, I wouldn’t bother with the New Injury Packet, instead, go straight to the ER.If you already have a preferred occupational health facility that provides clear work restrictions and almost always recommends that injured employees immediately return to work. In that case, the New Injury Packet is unnecessary. But if don’t have a relationship with a good occ med facility or if you’re having issues with unclear work restrictions, a New Injury Packet will be helpful.
Loss Run Review
Loss Run Review
reating a sample list of light-duty tasks available at your company may sound daunting, but it doesn’t need to be that way. Google search “Sample light duties for (industry type)” and start there. Creating this list should only take 15 minutes. It is important to remember that it is always preferred that injured employees remain at their regular job, but with modifications or restrictions as needed. If it’s NOT possible to modify their job and remain within the guidelines of their work restrictions, temporary alternative work should be offered If you’re having trouble coming up with a list of light-duty.
Coverages & Endorsements
Coverages & Endorsements Overview
Coverages & Endorsements Overview
A denied workers’ comp claim is be a serious problem. Don’t let it happen to you. When you’re holding your workers’ compensation insurance policy in your hands, it’s not just about having it; it’s about having the right stuff in it. Unfortunately no one is perfect, not even you, and people make mistakes, you, me and everyone else I know. Now, when were talking about your work comp insurance policy I’ve seen wrong or missing coverages, business classifications that are way off, class codes that are out of sync, payrolls that are either skinnier than a fashion model or bigger than a Thanksgiving turkey…
Employer's Liability Limits & Umbrella
Employer's Liability Limits & Umbrella
Someone gets injured because the safeguard on that piece of equipment was removed or altered, they lawyer up and sue. Now what?Alright, let’s take a closer look at what’s going on with Part 2 of your workers’ compensation policy – the Employers’ Liability section. Now, Part 1 takes care of your injured employees, and those limits are set by the state – no wiggle room there. But Part 2? Well, that’s a different story. You’ve got some choices to make.my friends, is like an insurance superhero cape that protects business owners from liabilities that don’t quite fit under Part 1. You’ve got some flexibility here…
Section 3.A.
Section 3.A.
Alright, folks, it’s time to dive deep into the nitty-gritty of Section 3.A. of your workers’ compensation policy. This is going to be a bit painful but hang in there because I see issues here all the time.So picture this, your company is located in MN, but on the border of IA. Your employee lives in IA and is working for you, but at a job in WI, and while working in WI, they get injured. Now the way I understand it is, that injured employee can file a work comp claim in WI, MN or IA…
Owner, Partner & Family Exclusions
Owner, Partner & Family Exclusions
If you’re pricing strategy for saving money on insurance, is “let’s get some quotes,” I can almost guarantee you, that you’re leaving money on the table.Here’s the thing, it’s a common misconception that saving money on your workers’ compensation insurance is as easy as asking a couple of agents for their lowest quotes. There’s a smarter way to save, and we’re talking about you could slash your costs by a whopping 50% or more.Here’s the deal – to truly master the art of pricing and discounts, you’ve got to dig deep. Forget about those modest 5-10% savings; it’s time to aim for the big leagues.
Blanket Waiver of Subrogation
Blanket Waiver of Subrogation
When it comes to your business insurance, and in this case, your work comp insuance, Waivers of subrogation can be a bit tricky, but they’re worth understanding. Basically, you’re giving up certain rights when it comes to insurance claims. Let’s take a closer look at how they work and what you need to know. A waiver of subrogation is a contractual provision where your, the employer and your insurance company agree to give up your right to recover any costs incurred in a workers’ comp claim when a negligent third party caused the injury to your employee. By signing such a waiver…
Employment Practice Liability Insurance
Employment Practice Liability Insurance
In today’s world, lawsuits are a constant threat to your business. But with Employment Practice Liability Insurance (EPLI), you can rest a little easier. From sexual harassment claims to wrongful termination, EPLI is a safety net in an uncertain world. According to Hiscox, The 2017 Hiscox Guide to Employee Lawsuits, the average cost for defending and settling an employment practice case is $160,000, and the average jury award for an employment-related case is $217,000, with an average of 300 days in claim duration. Yet, only 23%-40% of all companies have Employment Practice Liability Insurance (EPLI).
Pricing & Discounts
Pricing & Discounts Overview
Pricing & Discounts Overview
If you’re pricing strategy for saving money on insurance, is “let’s get some quotes,” I can almost guarantee you, that you’re leaving money on the table.Here’s the thing, it’s a common misconception that saving money on your workers’ compensation insurance is as easy as asking a couple of agents for their lowest quotes. There’s a smarter way to save, and we’re talking about you could slash your costs by a whopping 50% or more. Here’s the deal – to truly master the art of pricing and discounts, you’ve got to dig deep. Forget about those modest 5-10% savings; it’s time to aim for the big leagues.
Scheduled Credits & Debits
Scheduled Credits & Debits
Want to slice a chunk off those work comp insurance costs and watch your profits soar? Well, you’re in for a treat because today, we’re diving headfirst into the world of Scheduled Credits & Debits!Now, let’s get one thing straight – who doesn’t love saving money, especially when it comes to workers’ comp insurance? You could be keeping up to 65% of your hard-earned cash by mastering the art of Scheduled Credit. So, picture this: you’re in Minnesota, land of 10,000 lakes and some serious work comp insurance swings. Your insurance underwriter holds the key – they can either shower…
Loss Cost Multiplier
Loss Cost Multiplier
Want to learn a little secret to slashing your work comp insurance costs and boosting those profits? Well, you’re in for a wild ride today because we’re unraveling the mystery of the Loss Cost Multiplier, or as we call it, the LCM. So, let’s dive into the muddy waters of the Loss Cost Multiplier. It’s the magical number that can make your work comp insurance premiums jump as high as 200%. Yeah, you heard me right – it’s like a rollercoaster for your wallet.Host: The LCM also goes by some fancy names like “Multiplier,” “Tier,” or even “Rating Tier.”
Experience Modification Rating Management
Experience Modification Rating Management
Your Workers’ Compensation Experience Modification Rating, or your Mod is like a report card for your business’s safety performance. Understanding how it’s calculated and how to manage it can save you a TON of money.Not all businesses qualify for a Mod, in MN you need to be in business for at least 2 years and pay at least $14K in unmodified work comp insurance premium your first year, OR pay at least $7K per year for work comp, for two years or more. So if you’re not paying at lease $7K for your comp, this video isn’t for you…
Contractor's Premium Adjustment Program
Contractor's Premium Adjustment Program
Union Contractors Workers’ Compensation Program This information is for commercial construction companies, with union employees, located in Minnesota. If that’s not you, you might as well skip this. The Union Construction Workers’ Compensation Program (UCWCP) provides a great opportunity for Minnesota-based construction companies with union employees. Most of my MN union construction clients are already a member of the UCWCP, but for those that aren’t, I strongly recommend they become a member as soon as possible.Now, I’m not a representative of the UCWCP, so if you want to speak to them directly, I’d suggest going to their website which is UCWCP.com…
UCWCP
UCWCP
First thing, As a member of the UCWCP, all your injured employees will be REQUIRED to receive medical care from doctors vetted by the UCWCP. This is huge, because in Minnesota, this is the only way I know of that you are to REQUIRE your injured employee to receive care from a doctor or clinic of your choice; and if they refuse, it can impact their work comp benefit eligibility. There are many local occupational medicine specialists to choose from, and this helps ensure your injured workers receive the best possible medical treatment, so they can return to work quickly, and have a fast recovery.
Unit Stat Card
Unit Stat Card
By understanding the importance of your workers’ comp unit stat card and taking proactive steps to review it, you begin to gain control of your insurance costs. Your unit stat card is created by your work comp insurance company and sent to your work comp rating bureau, on your Valuation Date each year, so they can calculate your new experience mod for next year. Here’s the thing, your unit stat card affects your mod, and your mod has a huge affect on how much your work comp insurance is going to cost, therefore, making sure your Unit Stat Card is correct, is important…
Choosing the Right Agent
Choosing the Right Agent
Choosing the right insurance agent is like selecting the perfect teammate for your business journey. Without the right guidance, navigating the complexities of insurance and risk can feel like a daunting task. But with the expertise and support of a knowledgeable agent, you gain an advisor in managing risks, securing optimal coverage, and driving down costs. Selecting the right insurance agent or risk manager is where it all begins. Without the right agent, the cards are stacked against you when getting the right coverage at the best possible price. Here’s the thing, you may have the right horse…
Getting Insurance Quotes
Getting Insurance Quotes
The next time your business insurance comes up to renewal, it’s important to have a process in place that shifts the deck in your favor because there is a right a wrong or lazy way of going about this. Allowing insurance agents to copy coverages, not complete a risk assessment, block access to markets, and burn out underwriters is going to result in higher insurance premiums.Lets get right into it, when seeking a competitive quote from another agent, it is important to ensure that the new agent does not simply copy the coverages of your current policy without first performing an in-depth risk assessment.
Choosing the Right Carrier
Choosing the Right Carrier
When choosing the right workers’ comp insurance company, price is one factor to consider, but so are things like their AM Best Rating, loss control services, triage service, payment options, dedicated claims rep, and reporting. Let’s quickly go through each one of these, so you can ask better questions and make a better choice at your next business insurance renewal.The AM Best Rating measures the financial stability of an insurer and indicates its ability to meet policyholder obligations. The higher the rating from A++ Superior to F Inadequate, the better the assurance that your claim will be paid quickly…
Risk-Surance™
Schedule a consultation to discover the Risk-Surance™ difference.
A unique blend of risk management and business insurance designed to help your company become “bulletproof.”
Step 1: Consultation
Learn more about the RiskSurance™ System and how it’s different than basic business insurance.
Step 2: Examination
Tell us about your current
insurance and risk management process, so we can determine if RiskSurance™ can help.
Step 3: Diagnosis
Allow us to review your information and create a custom Risk-Surance™ treatment plan for your company.
Step 4: Treatment Plan
We know you’re already busy, but all we ask is four hours of your time, every month. Like any ailment, the sooner treatment begins, the better.
Step 5: Progress Evaluations
Meet quarterly, tell use what’s working, what’s not, and make adjustments as needed.
