I usually get a call a week from a staffing client asking about the potential costs of a new workers compensation claim. Although their workers comp provider will ultimately handle the claim, they know that their future workers compensation rates may reflect this new claim. So naturally, in addition to caring about the employee’s ability to get back to work, my staffing clients are very concerned about the costs resulting from the accident.
I have found that there are a number of factors that are part of estimating the cost of a workers compensation claim.
THE MOST IMPORTANT FACTOR, FROM MY 26 YEARS of EXPERIENCE, IS THE QUALITY OF THE ADJUSTER. Identifying and working with a knowledgeable and diligent workers compensation claims adjuster should be the main objective for the staffing company’s owner, when trying to minimize the financial impact of a claim.
Below is a link to an excellent article that identifies the different cost variables in a workers compensation claim.
If you are looking for other ideas about ways to minimize your exposure to workers compensation claims, and to lower your work compensation costs; please contact me at at david@StaffingCompSolutions.com. And always feel free to visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
ASA Exhibitor for Annual 2014 Conference
California Staffing Association Member