Information is power.
Workers’ Compensation Analytics provided by The Dane Group.
Creating actionable insights to control premiums.
An introduction to workers’ compensation.
Specializing in workers’ compensation as an insurance agency is a complicated process. Many people believe that workers’ compensation is a fixed cost since the state of Florida sets the rates. What they fail to realize is that you can control 100% of your premiums inside of workers’ compensation.
The benefits of your experience modification factor.
By structuring a policy correctly, you can utilize a variety of different class codes dependent on the job functions your employees perform. Through the development of industry-specific safety programs, companies can control the frequency of their claims. With proper claims, management techniques companies can influence the severity of their claim costs. All of the above factors play into the calculation and development of your experience modification factor (EMF). The EMF can be a companies best friend or worst enemy, depending on how they run their business. With that in mind, we partnered with a company that allows us to identify claims trends allowing us to properly structure and train your employees to reduce your claims frequency and severity, and, ultimately, your EMF.
The future of workers’ compensation insurance.
We are on the cutting edge of the industry and use this information to prevent injuries, properly codify claims, aggressively manage claims, and develop safety processes and programs for companies having a hard time controlling their Experience Modification Factor.
The future of health insurance.
Analyze effortlessly with Decision Master Warehouse claims analysis. Turn your analytics into action. Help clients develop targeted strategies to save money. Find out more by watching the provided video below.
Contact our agency to learn more about workers’ compensation analytics.
Reach out and we’d be happy to help.