Report all claims
Prompt reporting of all worker accidents – within 24 to 48 hours -- improves the ability to control Actual Losses. If employees are slow to report work-related injuries, this can be a red flag of trust or fear issues that can impact the cost of claims. If you delay reporting, it can impact timely medical care, support from claims services, development of corrective measures, and meeting compliance requirements. Delays in reporting may allow complications to develop in treatment, recovery, or claims management - all adding to the overall cost. Nationwide offers online, phone, fax, and email methods to support prompt reporting.
Return employees to work
In cases where the injury requires work restrictions; it is important to have a program in place that can accommodate these limitations, which allows the employee to return to work when medically appropriate. Getting employees back into a work routine is valuable for their recovery and reinforces their importance in the workplace. In some states, returning employees to work can keep a claim in a “medical only” status and substantially reduce the portion of the claim that goes into the Actual Loss part of the equation. In states where this is not offered, return to work still improves recovery and controls costs. Studies of thousands of workers compensation claims show that the longer an employee remains off work due to an injury, the less likely they are to ever come back to work.1 Nationwide offers a suite of resources to help you develop a successful return to work program.
Effectively putting the above measures in place to keep your experience mod in check is important from a business standpoint. Beyond the insurance cost savings or the job opportunities that may be tied to it, following this Rx also builds a culture of caring, leadership and safety commitment that promotes employee loyalty, trust and engagement. These benefits multiply the mod cost savings through reduced turnover and improved operations. For further assistance in how to control your mod and reduce the impact of accidents, contact Nationwide Loss Control Services at firstname.lastname@example.org or 1-866-808-2101.