New York Workers Compensation
There is upward pressure on pushing workers compensation rates higher across the country and the New York Tri-State region is no exception. This past year alone, base loss-cost rates have increased 9.1% in NY and the New York Assessment has increased another 2.1 points to 20.2%. The worst part is that this is just the beginning and each of the next several years we'll continue to see increases.
Controlling the cost of workers compensation demands more than a just shopping around for the lowest premium. It takes a concerted effort to reduce workplace accidents, control the costs of claims if they occur, and take an aggressive posture against fraud, waste, and abuse. That requires a level of expertise, experience and resources that few brokers bring to the table. Our diagnostic risk management process is focused on reducing both the frequency and severity of worker injury claims, and our claims management process helps reduce malingering, abuse, and fraud. All of which help reduce your costs.
Want to know more about:
- Your experience modifier and what you can do to control that exponential cost factor?
- How to effectively manage a return to work program that creates cost cutting results?
- Why your insurer is not your best advocate in managing the claims process?
- What impact open claims are having on your premium?
- How to reduce the indirect costs of claims?
- How company culture may be the biggest contributor to the success or failure of your cost reduction program?
- How to blend recordable incidents from Workers Comp to your OSHA 300A Log?
For answers to these and many other workers compensation issues, please contact us
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