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Proactive Strategies To Reduce Your Workers' Compensation Premiums

Webinar: ID# 1038167
Recorded On-Demand
About This Course:
The vast majority of employers are underserved in the workers' compensation industry.

This webinar will be raw and fast-paced. 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.What You'll Learn:Various Aspects to Costs of Workers' Compensation Policies
  • Guaranteed Cost Policies
  • Classification Rates, Experience Rating, State Scheduled Credits
  • Large Deductible Policies
  • Classification Rates, State Scheduled Credits, ThirdParty 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

Proactive Strategies To Reduce Your Workers' Compensation Premiums
or via On-Demand
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