Worker's compensation research institute
Lag is a Real Drag

Recent studies released by the Worker's Compensation Research Institute (WCRI) have once again demonstrated the high cost of late claims reporting. The Study drew a direct correlation between the length of time a claim is reported to the carrier and the ultimate cost of the claim.

The Study reports claims reported between three and seven days after the injury are 46% higher than those reported by day two. A late claim prohibits the carrier from immediately directing the medical care to a Preferred Provider Plan or a Workers Compensation Specialist. There is also a large increase in Attorney and Chiropractic involvement.

The Study finds that the Experience Modifier of an Insured with high lag time is disproportionately higher than those with lag of less than three days.

Encourage client sites to report claims as soon as they happen. The faster you get your adjuster involved the better chance you have of controlling your financial future.


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