Loss Control Consulting

• Provides the basics of experience rating and how it is calculated 
• Identifies how claims, based on nature of injury, financially impact experience rating 
• If there is not enough claims history by the nature of injury, claims over $10,000 will be reviewed and identify how they are financially impacting the experience rating.

• Overview of the employers’ loss run to better understand impact of reserves
• Includes projected experience rating calculation based on a loss run history

• Active claims report – provides all “open” claims in a specific date range; usually a 3 or 5 year look back period
• Assessment report – provides all “accepted” claims along with claims where the $250 medical assessment was waived; usually for the past quarter
• Frequency report – provides all the “accepted” claims during the employer’s current reporting period
• Loss run report – provides all the “filed” claims during the employer’s current reporting period
• Severity report – provides the time loss days paid during the employer’s most current reporting report for any claim over the past 5 years

• Includes a high-level overview of the employer’s account
• Provides a 5-year history of the following information: gross payroll, premium, premium dividend, safety discount, claims, total incurred, time loss days, experience rating, grants, and educational training participation

Includes the following information:

• 5 years of claims history
• Breakdown of claims based on body part, cause code, nature of injury, days of the week, month, time of day, length of employment, age, and misc. trends.
• Effective tool to manage claims