The Top 10 Questions That We Receive on Workers Comp - 4

4. I see that a large portion of your website does not pertain to Workers Comp self insured companies. What can we do to reduce our Workers Comp premium costs? What services do you offer self-insureds?

You are correct that most of this website does not pertain to self insureds. That is mainly due to our customer base not being self insured employers. However, that part of our market is expanding rapidly. In fact, we are presently performing a claims Third Party Administrator (TPA) performance audit for one of the largest self-insured employers in North Carolina and the nation. Our self-insured services include:

• File Performance reviews - how is the insurance carrier doing on your self insured files?
• Loss Development Factors (LDF's) - similar to an Experience Mod, but pertains more to long term future budgeting for Workers Comp expenditures.
• TPA RFP's - assist your company in bidding our your Workers Comp file handling.
• Medical Cost Containment Networks - this is the largest cost cutter for Workers Comp expenditures.
• Assist in tracking your claims and reserves with the TPA.

We will go more into how to cut costs if you are a self-insured after we have finished the Top 10 questions. The main thing to remember is that you should be doing the services that we provide, as they are your main ways to cut your Workers Comp costs.

Remember, when you are a self insured, someone is spending the $ directly out of your pocket/budget.