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Workers' Comp: Rates are Down, but Significant Risks are Up

Workers' Comp: Rates are Down, but Significant Risks are Up

Quick Overview

As workers' compensation rates go down, it seems that the risk is lower. Rates generally go in the direction of the actual risk, right? Well, in this session, Frank Pennachio will show us that the raw risks might be down so that the rates are going down, but there's another side to this coin in that there are larger risks that haven't gone away. In face, they might be increasing. Join us and find out why.


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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Frank PennachioFrank Pennachio

With few exceptions, Workers' Compensation Rates have declined across the country for the past several years. As a result, many employers have become complacent, and agents report "there is not any pain in work comp." Nothing could be further from reality. Employers face increasing risks of financial ruin from their workers' compensation insurance program. Agents must keep their eye on the ball. Significant risks and opportunities are arising from Workers' Compensation Insurance.

In this session, participants will learn:

  • The greatest risk and cost to employers arising from an employee injury.
  • The most likely situations that cause a work comp claim to be denied, and how to prevent them.
  • Increasing risks arising from the medical system and how to reduce them.
  • Measurements and benchmarks critical to success.

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