Reduce your Workers Comp Costs-Assessment
The assessment & recommendation phase used to take 6 months or more, but now, by using Workers Comp Kit, it takes only 1 day!
By taking this survey you will learn your initial score and begin to take the steps to reduce your workers' compensation costs and improve your score. These recommendations are based directly on your survey answers.
This section includes:
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National Workers' Compensation Management Score™ (NWCMS)Identify strengths and weaknesses in 10 key cost areas of workplace practices. Basic-to-complex questions reflecting best practices (processes and procedures that are recognized in the industry as being necessary to reduce WC costs). This provides a universal yardstick and consistent criteria that embody widely used concepts in WC, much like a credit score.
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Recommendations for Improvement
This is an Action Plan targeting the strengths and weaknesses identified in the Assessment. It tells companies what to do and moves them to the action stage. The assessment & recommendation phase used to take 6 months or more, but now it takes only 1 day. Recommendations are viewed in Critical, Needs Improvement and Good categories so you know where to begin making improvements.
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Best-to-Worst Ranking
"As recommendations are implemented, update your best practices. This raises your score and demonstrates upward trend of how far you've come since beginning the process. It provides the ability to measure incremental improvement."
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Best Practice Profile
This profile lets companies' pinpoint problem areas in multi-location management. It is a corporate-wide needs assessment showing management the biggest areas of opportunity. It provides a list of what the problem areas are and how WIDESPREAD they are (at 2 or 200 locations). It quickly identifies opportunities across business groups. Training learning objectives can be set with this profile. Brokers can assess industry groups, such as airlines, food service, etc. Self-insurance organizations, associations, insurance carriers, captives, and reinsurers can assess their entire membership.
