As rates increase for California employers yet again, what can be done to to save money on the cost of workman's compensation insurance.
As you look at the various pages on our Website hopefully you can get a feel that the answer is not anyone simply thing, rather it is many things working together to control costs.
CA Workmans Compensation Insurance Costs can be lowered significantly by coordinating all the available resources available to reduce the number and size of claims. In insurance we refer to these two cost drivers as frequency and severity.
It starts by understanding that the rates an insurance company charges you for your CA workers comp can be debited, or credited by as much as 55%! The second thing is to understand how your modification factor is determined. Understanding the cost of a workers compensation claim isn't an easy task. GDI uses a software program to both project what your companies workers compensation modification factor is today, will be next year, and to project your trend 2-5 years in the future.
Next is to make sure your company is in compliance. Illness and Injury Prevention Plans are the foundation that support CAL OSHA compliant safety programs. All should be coordinated to reduce the number and size of claims you have. Looking back at your loss history is a good place to learn what should be done first.
Getting quotes from almost every insurance company is the 3rd step.. A GDI broker can help you with everything you need to do!
We are California Workers Compensation Experts! We can get you better rates today, and position you to get better rates in the future.
We can't control what the politician do, but we can help you control what you can! Do you know that California workers compensation rates can be discounted by as much as 55%? And that your CA modification factor can save you nearly another 40%!
Our clients do! Check out this letter from one of them! This client saved almost 50% on their workers compensation. They are not the only one! Please take a look at our client testimonials! Then call GDI at 888-991-2929
California Workman's Compensation Rates are increasing fast. Turlock, CA is the home of GDI Insurance Agency, CA workers compensation cost savings experts. We follow proven methods to reduce the cost of your workmans compensation. Above is just one example of the Central Ca company that saved on their workers compensation by calling GDI insurance agency.
Here is a simple overview of how a GDI Insurance Broker can help you Save up to 52% on your CA workers compensation.
your GDI Insurance Broker Uses These Tools Successful Help You Save On CA Workers Comp Insurance.
Our agency can help you build solid loss control and safety programs to help you stay on top of your biggest risk management and compliance challenges.
Statutes for Ca Workers Compensation.
We can provide you with the most important workers’ compensation information for your state. Most statutes change annually based on inflation, and we stay on top of these changes for you.
Controlling Your MOD
We have informational documents to assist you in understanding and controlling your MOD.
Safety Programs and Policies
Your industry has risks and we have the programs and policies that outline how to control those safety risks to keep your employees injury-free on the job.
Fight Fraud
In California Workers’ compensation fraud is commonplace. We can instruct you on how to prevent fraud in your workplace.
CA Workers’ Compensation Made Simple
Understanding workers’ compensation and how employees may be eligible can be confusing. Educate your employees with our easy-to-understand resources.
Understanding how a return to work program helps you save premium on your CA workers compensation costs!
Here is just a brief overview of the purpose of a return to work program, and how it helps you save on your workers compensation.
PURPOSE
This policy is in place to ensure Ca Workers Comp Insured Company, provides meaningful work activity for employees who are temporarily unable to perform all, or portions, of their regular work assignments or duties. This policy applies to employees suffering from either work or non-work related injury or illness. The goal is to allow valued company employees to return to productive, regular work as quickly as possible. By providing temporary transitional or modified work activity, injured employees remain an active and vital part of the company. Studies show that a well-constructed Return to Work Policy reduces lost time days, allows workers to recover more quickly and makes for a more positive work environment.
SCOPE
All active employees who become temporarily unable to perform their regular job due to a compensable work related or non-work related injury or illness may be eligible for transitory work duties within the provisions of this program. Return to work tasks may be in the form of:
- Changed duties within the scope of the employee’s current position
- Other available jobs for which the employee qualifies outside the scope of his or her current position
- An altered schedule of work hours
There is much more to a return to work program. Your GDI insurance Broker will set yours up for you, advice you on how to run it, and show you exactly how much money you will save on your California Workers compensation policy! Just call GDI 888-991-2929, and ask for Grant Davis!
Here are a few quick Tips to Save On Your Ca Workers Compensation Insurance!
• Know and understand the interplay between your state workers’ compensation laws, the American with Disabilities Act (ADA), and the Family and Medical Leave Act (FMLA).
• Keep your legal counsel in the loop right from the beginning. The first 24 hours after an incident are crucial and your lawyer needs to be informed.
• When hiring, provide detailed job descriptions that include the percentage of work that is physical. The description should also outline a general return-to-work policy.
• Before any claims are filed, make sure you know your employees’ history and as much about them as possible. Document and file everything, as it may become relevant information if there is a claim.
• After an incident, review the employee’s personnel file. This will help you understand the employee better and may offer clues or tendencies for potential fraud or a vendetta against a co-worker or manager.
• After an incident, your legal team or representative should do an on-site inspection where the injury occurred. Be sure that they interview others who do a similar job as well as any witnesses.
• If there are changes in the diagnosis, the accident needs to be reevaluated. It may not have happened as reported.
• Keep an organized case chronology, documenting everything from initial claim to the close of a case. This includes previous history of the employee that may be relevant (past disputes with co-workers, claims history, problems at home, etc).
• Make sure to provide the IME with everything you have, including your chronology.
• Before a trial, make sure your witnesses are prepared. Someone from the company should be present at every hearing. It’s important to make sure that everyone is always on the same page.
• Establish and enforce disciplinary measures for safety violations. There should be some type of corrective action for any employee who doesn’t abide by safety requirements.
• Train your supervisors in-house. They may have previously been trained as supervisors in general, but they need to also be trained in your particular work environment.
Fighting CA Workers Compensation Fraud! Here are a few red flags to watch for! Your GDI Insurance Broker will help you should you suspect fraud. We know the laws, and how to stop fraud in the work place. Just ask any of our clients that have had to deal with fraud!
Here are just a few of the signs of California Workman's Compensation Fraud!
1. Monday Morning: The alleged injury occurs either “first thing Monday morning,” or late on a Friday afternoon but not reported until Monday.
2. Employment Change: The reported accident occurs immediately before or after a strike, a layoff, the end of a big project or at the conclusion of seasonal work.
3. Job Termination: If an employee files a post-termination claim:
- Was the alleged injury reported by the employee prior to termination?
- Did the employee exhaust his/her unemployment benefits prior to claiming workers’ compensation benefits?
4. History of Changes: The claimant has a history of frequently changing physicians, addresses and places of employment.
5. Medical History: The employee has a pre-existing medical condition that is similar to the alleged work injury.
6. No Witnesses: The accident has no witnesses, and the employee's own description does not logically support the cause of injury.
7. Conflicting Descriptions: The employee's description of the accident conflicts with the medical history or First Report of Injury.
8. History of Claims: The claimant has a history of numerous suspicious or litigated claims.
9. Treatment is Refused: The claimant refuses a diagnostic procedure to confirm the nature or extent of an injury.
10. Late Reporting: The employee delays reporting the claim without a reasonable explanation.
11. Hard to Reach: You have difficulty contacting a claimant at home, when he/she is allegedly disabled.
12. Moonlighting: Does the employee have another paying job or do volunteer work?
13. Unusual Coincidence: There is an unusual coincidence between the employee’s alleged date of injury and his/her need for personal time off.
14. Financial Problems: The employee has tried to borrow money from co-workers or the company, or requested pay advances.
15. Hobbies: The employee has a hobby that could cause an injury similar to the alleged work injury.