Workers Compensation
The biggest cost driver, and opportunity, for many employers’ property & casualty program is workers compensation Insurance. Workers compensation is unquestionably one of Van Gilder’s greatest strengths as a broker.
Employers can take control of their Workers compensation program by understanding how it works and what they can do to affect the outcome. Van Gilder has helped many employers reduce their costs associated with injured workers, lost productivity and poor employee morale. We’ll help you sort through the various program options available to find the plan that works for you.
Questions to Ask Yourself
- Has your agent explained how the Workers Compensation Experience Modifier (Ex Mod) developed for your specific business works, how it affects your insurance costs and have they reviewed your Ex Mod worksheet for accuracy?
- Did you know that with the recent passage of SB 10-112, the way deductibles impact your Ex Mod has changed significantly? Based on this change, do you know that through an analysis of your Ex Mod and historical losses, you can determine the optimal deductible for your business?
- Does your current agent offer claims management solutions and loss control expertise to help you manage your workers compensation exposures?
- Have you explored the impacts a health and wellness program can have on your workers compensation program?
- If you answered no to any of these questions, maybe you do not have the right partner when it comes to understanding and controlling your total workers compensation costs.
- Van Gilder can help you understand what options you have available in this complex and challenging field of workers compensation.
- How are Health Management and Workers Compensation Related?
Program Options:
- Traditional Guaranteed Cost Programs
- Small and Large Deductible Options
- Loss Sensitive Retention Plans
- Retrospective Rating Plans
- Self-Insurance
- Captive Programs