Insurance Loss Control

 

For many U.S. based employers, the cost of workers’ compensation represents a significant component of the overall company balance sheet. To effectively control workers’ compensation costs, employers must periodically examine and proactively manage a variety of complex financial, regulatory and program design issues. Well designed and effectively administered workers’ compensation programs which address both pre-loss and post-loss considerations can positively impact your bottom line.

 

What are Workers’ Compensation Cost Containment Services?

Our expertise in workers’ compensation cost containment, program design and state-specific workers’ compensation regulations is utilized to develop a broad view assessment of your overall workers’ compensation program, then deliver practical, company-specific recommendations and solution options aimed at optimizing specific program elements. 

 

Our workers’ compensation consultants have decades of experience in risk management and administering a wide variety of workers’ compensation programs.  We understand that in the world of workers’ compensation, one size does NOT fit all.  Your company is unique in terms of its loss exposures, organizational culture, operating environment, financial position, ability and willingness to self-insure or transfer the cost of risk, and level of in-house risk management expertise.  Our fundamental approach involves listening to understand your needs, then tailoring our services and deliverables to meet those needs. 

 

What are the key benefits?

 

• Improved workers’ compensation claim frequency and cost results.
• Optimized workers’ compensation program design, administration and premiums.
• Optimized utilization of the services available from your insurance carrier or third party administrator .

• Improved claim handling to ‘best practice’ standards.

 

Our Approach

 

The Windsor Consulting Group, Inc. has developed a structured approach to analyzing and evaluating ten key risk factors which impact claim frequency and severity:

 

Severity Risk Factors:

 

• Company Policies on Accidents and Injuries
• State Workers’ Compensation Laws and Claim Benefit Levels
• Injury History and Indemnity Cost
• Cost of Medical Care
• Claims Administration Procedures

 

Frequency Risk Factors:

 

• Effectiveness of the Company Accident Prevention Program
• The Business Life Cycle Stage of the Company: Start Up, Growth,

   Mature, Decline, Termination
• Labor-Management Relationships
• Employment Stability
• Nature of Work (Heavy – Moderate – Light)

 

Our approach includes a detailed review of your current programs, procedures and documentation.  We hold in-depth discussions with the personnel responsible for executing these programs on a daily basis.  Our deliverable is a customized report which details the findings, recommendations and solution options generated from this program assessment. Follow up support services to assist with solution implementation are available.

 

The Windsor Consulting Group, Inc. is a company specializing in the fields of Quality Assurance, Health, Safety, and Environmental (QHSE) services. Our QHSE professionals develop solutions that contribute to risk prevention and performance improvement to help organizations create long-term value through our technical and regulatory expertise. Our staff are Certified as Industrial Hygienists (CIHs) and Certified Safety Professionals (CSPs). whom are ready to serve our customers.