Risk Management

(Workers' Compensation)

Workers’ Compensation is one of the most complex and confusing components of your insurance budget.  Premium audits, experience modification factors, classification codes, reserve reviews, and state regulations & statutes all add to the chaos.

To control workers' and unemployment compensation costs in today's business environment, a company must control all claims. Many employers today identify a small percentage of claims that are questionable and aggressively go after them while they ignore the remaining majority of “not a problem” claims thinking they will take care of themselves. Human Capital has developed a proprietary program which has taken work comp administration to a new level. It is our responsibility to aggressively manage all claims and identify those avenues, which will help limit your liability. In our initial program design phase we discuss with you our role in the information process.

The Human Capital Workers’ Compensation program focuses on providing “4” key quadrants to Risk Management:

• Guidance and administration to each client on each claim.
   
• Communication with: employer, employee/injured party, insurance carrier, and medical personnel assigned to the case.
   
• Limiting cost exposure for each claim, with the ultimate goal to cap or reduce the total premium.
   
• Assisting each injured person to insure receipt of the best medical attention possible and a safe and expedient plan to return to work.

The Human Capital Risk Management department also works closely with all regulatory agencies such as OSHA, along with organizations like the National Safety Council which promote advanced education.

Our success is driven by an unparalleled approach to Risk Management Services. Through our very thorough claims and risk management approach, you enjoy increased profitability, improve business processes and more control over your workers’ compensation programs.

For more detailed information about the Human Capital Risk Management Department or any programs including our Workers’ Compensation Consulting Services, please contact us at: 248-353-3444.

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