IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Proactive Strategies to Reduce Your Workers’ Compensation Premiums (OnDemand Webinar)

$149.00

SKU: 411134EAU

Description

Learn strategies to control your claims costs and reduce your workers’ compensation premiums.Proactive employer representatives and other interested stakeholders are constantly on the lookout to reduce workers’ compensation program costs and premiums. This is a neverending challenge that requires them to review a number of factors and find the best insurance carrier or thirdparty administrator that fits their needs, while at the same time keeping premium costs low.This program examines the many different challenges and provides tips on how one can find the bestinclass provider of workers’ compensation coverage and ensure injured employees are treated with respect and dignity, and paid all the benefits they are entitled to following a work injury.

Date: 2024-01-30 Start Time: End Time:

Learning Objectives

The Grand Bargain • a Overview of Workers’ Compensation Insurance in the Us
• Work Comp: From Hammurabi to the Modern Day
• Ancient Origins of Work Comp
• Impact of the Industrial Revolution and Muckraking Journalism,
• Industrial Revolution and Muckraking Journalism
• Work Comp in the United States
• Work Comp Basics in the United States
• Average Weekly Wage
• Indemnity Benefits
• Medical Benefits
• Vocational Rehabilitation Benefits
• Understanding Arising out of and Course of
• Arising out of
• Course of
• Asserting Common Defenses
• Workers’ Compensation Policy Issues and Premium Calculation
• Factors Work Comp Insurance Carriers Consider
• Shopping for Work Comp Insurance
• Employees vs. Independent Contractors
• Work Comp Insurance Audits

Understanding Workers’ Compensation Insurance
• What the Insurance Covers
• What the Insurance Company Pays for
• The Right to Defend Claims
• Additional Items Covered by Insurance
• Items Covered by the Employer
• The Right of Recovery
• Legal Things

Tips for Employers Serious About Low Work Comp Premiums
• Workplace Safety Training
• Prompt Injury Reporting
• Injury Response
• Access to Immediate First Aid
• Telephonic Nurse Triage Services
• Managing Medical Care Post-Injury
• Preferred Provider Organizations (Ppo) Contracts
• Effective Return to Work
• Use of a Return to Work Coordinator
• Thinking Outside the Box
• Other Intangibles

Expecting the Unexpected
• Chemical Exposure or Substances
• Consequential Injuries
• Multiple Injuries • Single Incident and Catastrophic Claims
• Employees Receiving SSDI and Medicare Benefits
• Unusual Employment Relationships

ASA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Aaron Frederickson-MSP Compliance Solutions, LLC

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Proactive Strategies to Reduce Your Workers’ Compensation Premiums (OnDemand Webinar)

$209.00

SKU: 404649EAU

Description

Learn strategies to control your claims costs is and reduce your workers’ compensation premiums.The vast majority of employers are underserved in the workers’ compensation industry. This topic will be raw and fastpaced. You will be able to understand the many factors controlling your workers’ compensation premium. This material will reveal the hidden agendas and costs that drive your workers’ compensation premium and you will gain new ideas and strategies.

Date: 2020-04-14 Start Time: End Time:

Learning Objectives

Various Aspects to Costs of Workers’ Compensation Policies
• COVID-19 Impact on Workers’ Compensation Costs
• Guaranteed Cost Policies
• Classification Rates, Experience Rating, State Scheduled Credits
• Large Deductible Policies
• Classification Rates, State Scheduled Credits, Third-Party Administrator Costs, Managed Care Costs
• Employers in a PEO/Employee Leasing Agreement
• Rates Set by PEO, Administrative Costs, Claim Fees/Deductibles

Big Data Becomes Primary Underwriting Factor
• Insurance Companies Identifying What Your Premium Needs to Be
• Breaking out of the Insurance Companies’ Model

Classification Rates and the Impact on Your Policy
• Rates Trending Down Over the Last Ten Years
• Natural Inflation to Your Experience Rating
• Insurance Companies Pulling Back on Safety Reward Programs

Claims Control Your Premium Costs
• Frequency vs. Severity and Impact
• Proactive and Preventative Strategies to Controlling Claims
• The Critical Component of Human Resources

No Credit Available

Duke Mills-WorkComp Solutions, Morgan Reid – WorkComp Solutions