Virtual Seminar: Understanding & Exploring Workers' Compensation Experience Rating

Thur, Mar. 11, 9-10m
Members: Free
Non-Members: $20

Link will be sent via calendar invite.

Despite the workers’ compensation insurance market remaining competitive and overall claims frequency falling during the first six months of the pandemic- workers compensation remains one area of your insurance program that employers can control. A strong safety program and consistent monitoring of the policy can make a positive impact.

• Managing payroll and properly classifying employees
• Developing a safety program
• Monitoring for potentially fraudulent claims

This presentation will cover:

• The Purpose of Workers Compensation Experience Rating
• The Impact that Frequency & Severity Claims have on Experience Rating
• Understanding the Experience Rating Split Point
• Separating Frequency Loss Dollars from Severity Loss Dollars
• Exploring & Analyzing an Experience Rating Worksheet