A risk consulting firm said it is offering a free benchmarking checklist that employers can use to make a case for lower workers' compensation insurance rates by measuring their efforts to improve workers' comp practices.

Mansfield, Conn.-based Amaxx said its "20 Best Practice Benchmarks," which has been added to its Workers Comp Kit, helps businesses document incremental improvements that can reduce workers' comp premiums.

Rebecca Shafer, president of Amaxx, said in a statement, "While each step in a holistic program doesn't directly yield measurable, immediate savings, as you demonstrate improvement in these operational milestones, bottom-line savings will quickly follow."

According to Ms. Shafer, the checklist will point firms toward best practices and let them demonstrate to their insurer the steps they have taken to reduce losses.

Amaxx said "20 Best Practice Benchmarks" can also be used to:

o Start a discussion of steps an organization can take to reduce workers' compensation costs.

o Review initial workers' comp best practices.

o Measure best practice implementation.

o Keep location management on track.

o Tie incentive plans to achieving operational goals

The checklist is online at http://reduceyourworkerscomp.com/free-workers-comp-form.php.

Ms. Shafer said, "There are over 80 best practices, but this free sample will get you started."

The online version of the best practice assessment produces a WC Target Score--much like a FICO credit score. Amaxx said it can demonstrate operational steps a company has taken to improve experience, which can be shown to carriers when making a case for lower premiums or reduced collateral requirements.

Special Reports /

Free Kit Helps Businesses Argue For Lower Comp Rates

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