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How Opioid Use Affects Workers Compensation

How Opioid Use Affects Workers’ Compensation Prescription opioids are the number one workers’ compensation problem in terms of controlling the ultimate cost of indemnity losses. This comes from a recent Lockton Companies report that also states that there’s never been a more damaging impact on workers’ compensation claims than the abuse of opioid prescriptions for…

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When to Report a Claim? Immediately!

A claim is an insurance policy’s “moment of truth.” When an event happens that causes bodily injury or property damage to a client or guest, you might be fearful that if you report the claim to your insurance carrier, they may increase your rates or even cancel your policy. Claims handling is our service to…

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The Importance of Prompt Claims Reporting

The rising cost of claims presents a significant challenge for employers today. However, there is a simple strategy that can significantly reduce your claims costs: report all claims promptly. In fact, the sooner a claim is reported, the lower the cost is likely to be. Beyond cost, reporting claims promptly can help avoid unnecessary conflict…

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