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Workers Comp Consulting | PPTX
Business Insurers of theCarolinasWorkers CompensationConsulting Services
The Typical Workers Comp Management Program
Audit/Experience ModificationMajor Problem Areas
What Is The Experience Modification?A financing mechanism for employee injuriesCalculated by the state rating bureauA payroll weighted ratio of actual claims incurred vs. expected claims predicted1.0 is average – This number is multiplied by your client’s WC premiumEach policy year goes into the calculation for at least 3 yearsMany are incorrect… Almost all are mismanaged
BIC Solutions Tailored To Fit Any Organization“Orchestrate HR” – HRIS and payroll systemEmployee Testing – Find The Best ApplicantsHR Documentation And Procedures – ComplianceEmployee ManualsSafety InspectionsClaims Management – Optimize Outcomes“Recover At Work” ProgramsEstablish Clinic RelationshipsInsurance Audit Review – Fix MistakesInsurance Audit preparation – Prevent MistakesExperience Modification Review and Monitoring – Maximize DiscountsForecasting Modifications And Premium
Have Your Clients Overpaid?
BIC Results
BIC Results
BIC Results

Workers Comp Consulting

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    Business Insurers oftheCarolinasWorkers CompensationConsulting Services
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    The Typical WorkersComp Management Program
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    What Is TheExperience Modification?A financing mechanism for employee injuriesCalculated by the state rating bureauA payroll weighted ratio of actual claims incurred vs. expected claims predicted1.0 is average – This number is multiplied by your client’s WC premiumEach policy year goes into the calculation for at least 3 yearsMany are incorrect… Almost all are mismanaged
  • 6.
    BIC Solutions TailoredTo Fit Any Organization“Orchestrate HR” – HRIS and payroll systemEmployee Testing – Find The Best ApplicantsHR Documentation And Procedures – ComplianceEmployee ManualsSafety InspectionsClaims Management – Optimize Outcomes“Recover At Work” ProgramsEstablish Clinic RelationshipsInsurance Audit Review – Fix MistakesInsurance Audit preparation – Prevent MistakesExperience Modification Review and Monitoring – Maximize DiscountsForecasting Modifications And Premium
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