X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Any agent or broker who hasn’t been auditing workers’ compensation claims is missing a great opportunity to lower their clients’ premiums and foster long-term relationships that can build their business. Plus, you, the producer, will help attract prospects and distinguish your agency from your competitors.

The first step is to start exercising your client’s right to audit their open workers’ comp claim files–within six months after policy expiration–and stipulate that the reserves reflect the actual file documentation. These changes can lower experience modification ratings and, over time, dramatically reduce premiums.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.