Tag: workers’ compensation claims

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Do You Understand Your Experience Modification Factor?

An experience modification factor is the ratio of the costs of a company’s actual workers’ compensation claims compared to the expected costs for companies of similar size in the same industry. The number is highly significant to employers—lower is better—because the experience modification factor determines workers’ compensation premiums.

Workers' compensation

Tips for Managing Workers’ Comp to Boost Safety Performance

You worry about your workers’ compensation insurance premiums and the claims activity on your policy. You have concerns about the recordable injuries you must add to your injury and illness logs. Will your premiums go up? Will you be targeted by the Occupational Safety and Health Administration (OSHA) or state agency for an on-site inspection? […]

Workers' Compensation Claim Form

Participants in Workers’ Comp Fraud Ring Sentenced

Participants in a workers’ compensation fraud scheme were recently sentenced in federal court in San Diego, California. Dozens of marketers, doctors, lawyers, and medical service providers conspired to bilk the workers’ compensation system in California, according to the Federal Bureau of Investigation (FBI) and the U.S. Attorney’s Office for the Southern District of California.

Workers compensation comp claim form

The Root Causes of Workers’ Compensation Claims

Many factors can affect the number and severity of your workers’ compensation claims, but none more than the quality of your workplace safety and health program. Some studies have shown that every dollar invested in a safety and health management program can net an employer $3 to $10 in cost savings.