Are you currently overpaying for workers' comp premiums? (and where you can influence outcomes)
If your premiums went up again this year, you’re not imagining it, and more importantly, you are not alone. Premium baselines are climbing across multiple sectors, and the recent reforms have shifted more cost onto employers.
Workers compensation premiums are rising, but most employers have far more control over the outcome than they realise. Companies in your exact same sector could be paying vastly different rates based entirely on how they manage their data and claims history.
In one recent review, we identified a claims coding issue that was having a significant impact on a client's premium calculation. A relatively simple correction resulted in approximately $168,000 in savings for our client.
Join Actevate for a practical lunch power hour where we'll pull back the curtain on how workers compensation premiums are calculated, where savings opportunities are commonly missed, and what employers can do to take greater control of their costs.
If nobody in your organisation actively owns this, you are likely overpaying.
What we will cover:
How workers compensation premiums are actually calculated, including the different premium models and schemes.
What impacts your premium (and what doesn't), including exclusions, claims costs, WIC classifications and common mistakes.
The workers compensation claims process from start to finish, and where employers can influence outcomes.
How proactive claims and return to work management can reduce premium impact and improve business performance.
How to get the most from your insurer, identify savings opportunities, and ensure you’re not leaving money on the table.
Who should attend
HR Leaders
People & Culture Professionals
WHS Managers
Injury Management and Return to Work Coordinators
Finance and Operations Leaders
Business Owners and Executives
If workers' compensation costs, injury management or return to work outcomes sit within your remit, this session will provide practical strategies you can apply immediately.