Newsletters

August 2008

• How to Spot Workers’ Compensation Fraud
  The evidence of workers’ compensation fraud is causing great concern for employers across the country, and especially here in the Midwest. With the winter season fast approaching, construction companies are in the planning stages of laying off workers’, and the employees know it. Their concern of being unemployed for months at a time sometimes outweighs the consequences of defrauding their employer. This is a critical time for employers to understand the warning signs that can accompany the filing of a fraudulent claim.
• The Good, The Bad, and The Ugly of Workers’ Compensation Group Self Insurance Funds
  Workers’ Compensation Group Self Insurance Funds (SIF) are available and popular in many states throughout the country. They serve as an alternative to standard insurance companies for Workers’ Compensation Insurance. In some market conditions, they may be the only means available to employers to meet their Workers’ Compensation obligations.
• Control your Experience Mod or it will control you
  One of the most confusing components of an employer’s Workers’ Compensation Policy is the Experience Modification Factor. They watch it increase and decrease from year to year – higher Experience Modification Factors generally increase costs and lower factors reduce them. What’s often missing is an understanding of how the Experience Mod factor works and what an employer can do to manage it to the absolute minimum.