Diligently managing Workers’ Compensation claims can substantially minimize insurance costs for workplace injuries. Workers’ compensation management is a skill for avoiding liability burdens and expensive litigation expenses.
Continue reading to learn 8 effective techniques for Workers’ Compensation management.
Workers’ Compensation Management Techniques You Should Try
- Implementing Safety Measures in the Workplace
With a safe working environment, the workers’ compensation premiums remain controlled. This includes compliance with all relevant OSHA regulations and standards, which minimize or eliminate the risks of work-related injuries—pre-screen candidates for risky and physically demanding work positions.
- Swift Action Post-Injury
Act swiftly after any workplace injury to control compensation costs. If you are willing to report a claim, it will only increase the cost. Refrain from expensive reporting delays by sending a supervisor and a safety team member to the accident spot to gather details and help the injured worker.
- Gather Accurate Injury-related Facts
Once the worker files the claim, you must work with the insurance adjuster to review the case facts. You might identify abuse by checking various records related to the lawsuit.
- Beware of Claims Fraud
You must know and implement the rules and procedures in your workplace for guiding the assessment of workers’ compensation claims for fraud. Things that are included in a fraud workers’ compensation claim are:
- Exaggerated injuries
- Claims for injuries that did not take place in the line of duty of the employee
- Reported incidents where the employee suffered from no injury
- Keep a Watch On the Employee’s Recovery
Ensure a medical worker or manager keeps a close watch on the employee’s recovery throughout the claim period. Keep a note if the employee follows the treatment plan of the industrial doctor. Non-compliance might worsen the condition and delay recovery, thus increasing the claim amount.
- Control Drug and Medicine Expenses
Unnecessary usage of expensive treatments after a workplace injury, like high-cost opioids, might increase workers’ compensation expenses. Collaborate with the insurer and observe how the victim uses prescription medicines for treating workplace injury.
- Be Ready with a Return-to-work Plan
When an injured worker shows interest in returning to work, it implies the coming of the end of the workers’ compensation benefits. Be ready with a plan so the employee can return to work on time. Help the injured worker in minimizing social isolation effects. You can also try and provide extra support for the seamless return of the worker to the workplace.
- Check Post-claim Costs
An injured worker might have Medicare set-asides (MSAs). These are long-term costs in compensation claims. During settlement negotiations, you can guide the injured worker regarding stopping medicines that will be useless.
Secure Your Workforce and Business with Our Workers’ Compensation Insurance
With efficient workers’ compensation management techniques, the insurance policy works perfectly for the business and the employee. Protect your employees with Workers’ Compensation insurance from CDF Artisan Insurance Solutions. Besides safeguarding your employees from workplace injuries, our insurance provides mental peace to workers and business owners. Contact us for more details on such policies.