Cost Containment

Step 1:
Collaborate

Current Issues

  • Broker of record selected
  • Service expectations and timelines identified
  • Partner carrier interviews
  • Review open claims and reserve sets
  • Risk Profile for marketing strategy

Step 2:
Identify

Safety Culture & Prevention

  • Cost containment needs
  • Safety culture analysis
  • At risk behavior identification
  • Claims reporting
  • Direction and control vulnerabilities
  • Potential future exposures

Step 3:
Isolate

Early Intervention & Communication

  • Over reserved claims
  • Fraudulent claims
  • High hazard jobs or activities
  • Systemic issues
  • Root cause and trending issues
  • Red flag warnings

Step 4:
Shift

Monitoring

  • Education
  • Training
  • Observations
  • Awareness and perception
  • Re-focus of assets

Step 5:
Success!

The Path Forward

  • Improved claim handling and reporting
  • Improved accident investigation
  • Improved carrier communication and relationship
  • Real-time risk management

Best Practices for Cost Containment

That's why we urge our customers to take simple steps to save money—and reap the savings.
Display the notice at all times in a conspicuous location frequented by employees.  Your carrier provides you a copy of your state posting notice in your welcome kit. (Note: If your work locations are primarily outdoors, you may consider laminating your posting notice to increase its durability.)

You may not be able to prevent every workplace injury, but you can help manage your risk through workplace safety practices and employee training. We can provide Safety & Health consulting services to all clients at no additional charge. 
Access claims information, review loss history data and pay your bill. We have a ton of very useful information, posters, documents, and safety video library to help reinforce workplace safety messages and encouragement of a healthy safety culture.
Remind employees to immediately report all workplace injuries to a manager or supervisor, even if the injury does not require medical treatment. Include information about injury reporting procedures in your new employee orientation.
Identify who will report claims for your company. If you have multiple locations or varied shifts, distribute the injury reports to all locations. It is essential that your carrier be provided notice as soon as possible so they can help you arrange medical care for your employee and gather facts about the incident to help prevent others from suffering the same injury.

It's helpful to develop a relationship with a medical provider in your area. Talk with the provider before injuries occur to educate them on your business and your commitment to safely returning your employees to work. Many medical providers will maintain files with your company’s post-incident drug testing policies, transitional work options and company contact information.
Injured employees who return to work, even in a limited capacity, regain their ability to earn a paycheck and contribute to their team. Their safe, speedy return also helps you control claim costs and reduce your need for replacement workers.
While most workers' compensation claims are legitimate, some are inflated or fraudulent. By spotting signs of possible fraud, you can help your carrier identify claims that merit closer scrutiny.