Keeping rates low
So you’d like to help lower your clients’ rates, but don’t have a lot of extra time to devote to it. Here are a few quick tips that could help.
Improving your mod
If your client has an experience rating modification (or "mod"), preventing injuries and controlling claim costs will help keep their mod down.
Filing a workers' compensation claim quickly is essential. Employers have five days to file a claim from the employer's date of knowledge of the claim. Remind your clients to report workplace injuries as soon as possible—timely filing can control claim costs and help the employee return to work.
Your clients may be able to reduce their rates by improving their safety performance by creating and implementing loss prevention and cost control programs, such as a safety committee and a return-to-work program.
Nondisabling claim reimbursement
The Nondisabling Claim Reimbursement program could help you reduce or eliminate claim costs that are considered when determining your future experience rating modification factors. Click here to open the nondisabling claims reimbursement form (F-3135).
And don't hesitate to call us at 800.285.8525 with questions.