Take Control of Your Workers’ Comp Premium Review Process Today!
Locked & Loaded
Locked & Loaded is a comprehensive 7-hour training that you or the key individual(s) you designate can consume at your own pace anytime online. The course is broken into three (3) parts: 1) Experience Mod Mastery, 2) Injury Prevention & Injury Management, and 3) Employee Classifications & The Premium Audit Mastery.
Locked & Loaded Module 1 Experience Mod Mastery
In Experience Mod Mastery - you will discover…
- Your Experience Mod is NOT set in stone. It is similar to a Report Card that measures how your business performs compared to other businesses in your category as it relates to employee injuries. And like any Report Card, it can be improved.
- You learn the direct relationship between your Experience Mod and the amount of premium you pay.
- You learn why anything over a 1.0 Experience Mod is too high and why the higher your Experience Mod (in certain businesses), the higher the probability people will not do business with you and choose a company with a lower Experience Mod.
- You learn how to quantify the exact cost of an injury and not leave that calculation to guesswork, which may send your Experience Mod skyward and cost you a fortune in higher premiums.
- You learn the SPECIFIC DATE that is THE most important day in your Workers’ Comp policy. You’ll learn WHY this date is so important – and why not doing what needs to be done BEFORE this date virtually guarantees your next Experience Mod will be littered with errors, each of which may result in a higher Experience Mod and higher premiums.
- You learn the MANY benefits of getting an employee back to work as soon as possible, including, in some states, up to a 70% discount for that injury on your Experience Mod Review.
- You learn how to manage your Experience Mod to make sure everything is correct.
- You learn EVERYTHING that can be done to mitigate the cost of an employee injury.
- You learn the importance of the EFFECTIVE DATE of your Workers’ Comp policy and why changing that effective date could be MODERATELY GOOD or DISASTEROUSLY BAD, depending on the situation. This is far too important to leave to guesswork.
- You will know how to tell if your W/C premium is too high, the steps to correct your Experience Mod, and how to initiate a premium refund.
- You learn why up to 25% of all Experience Mods are littered with errors that NEED TO BE FIXED and may be retroactively fixed up to two years and eligible for a refund.
- You learn why virtually ALL Experience Mods are mismanaged, resulting in virtually all businesses paying 10% up to 50% more than they should.
- You learn that just having an Experience Mod under 1 is still not the best you can do, and you may have room for a LOT of improvement and a lower premium.
- You learn a PROCESS to get the results you deserve and expect instead of hoping for the best and blindly accepting the black box rating the insurance company provides.
- You receive all the forms, worksheets, tips, guides, and video instruction you need to analyze your Experience Mod, discover errors, make corrections, refile documents, receive a refund and so on. In other words, you get what you need to be in control of a process that directly impacts your bottom line.
Locked & Loaded Module 2 Injury Prevention & Injury Management
This module is not about creating a safe workplace. We assume you have that covered.
This module is about hiring practices that may dramatically LOWER the risk of a workplace injury BEFORE anyone actually ‘goes to work.’
In this module, you will discover…
- How to make sure your applicant can do the work before you hire them.
- How to protect yourself from being stuck with the cost of preexisting injuries, a process crafted and approved by attorneys in accordance with government guidelines.
- How to train employees on how Workers’ Comp works, including what to expect, the goal of the W/C program, and more. Most employees have never filed a W/C claim before.
- The importance of notifying the insurance company about the injury early and why doing this eliminates unnecessary inflation in the cost of the injured.
- The only three reasons an employee should be out of work and why Recovery At Work jobs are important for your employees and you.
- The only three reasons an employee should be out of work and why Recovery At Work jobs are important for your employees and you.
- How a Recovery At Work Program will improve your Experience Mod, lower your cost, and help you KEEP GOOD PEOPLE instead of having to rehire and retrain.
- How to determine which doctor is a good fit for your business.
- Strategies to ready an employee to return to work, setting the stage for a timely return and no extended off time that will drive your premium to the moon.
- Redundant with following bullet
- How to get an injured person to call an 800 number for triage instead of going to the ER, which is typically unnecessary and much more expensive.
- And a great deal more.
Locked & Loaded Module 3 Employee Classifications & Premium Audit Mastery
With over 500 classifications to choose from in all but two states, classification errors are both common and costly.
Even a small company with as few as eight or ten employees may pay 30% to 70% or more in annual premiums because of classification errors made during their yearly premium audit.
Mastering Classifications and Mastering the Premium Audit may result in huge savings off your current premium cost and may land a big overpayment refund check on your desk.
In this module, you will discover…
- Why the agent or the insurance company that assigns the classifications for your business may have NO IDEA if it’s correct.
- How the classification system works.
- The critical importance of knowing what a job IS and what it IS NOT as it relates specifically to Workers’ Comp classification codes and why getting the code ‘almost right’ may cost you from $10,000 to over $100,000 a year, depending on the size of the business.
- How to make sure 100% of your employees are classified correctly so you never pay more than you should.
- Why 75% of all Premium Audits are littered with errors, and how to keep your records so your annual Premium Audit comes out correctly.
- 14 items of excluded remuneration, items you may pay employees that you don’t have to pay Workers’ Compensation on. Knowing these exclusions could save you thousands or even tens of thousands of dollars a year, depending on the size of your business.
- Everything you need to know about working with subcontractors, including when, for W/C purposes, they ARE or ARE NOT treated as your employees.
- Details on what portion of a subcontractor’s total payment is subject to W/C premium calculation if that subcontractor is treated like an employee for W/C purposes.
- What an auditor CAN and CANNOT do in a Premium Audit, like change to a more expensive classification that would drive up your premium. If you know what you’re doing in a Premium Audit, even the WORST auditor MUST do the audit correctly. And that may save you a fortune.
- You will learn how to prepare for the Premium Audit BEFORE the auditor arrives, so you know the information is correct, and the audit runs smoothly. Not preparing and not doing all your own due diligence, all but guarantees costly mistakes will be made.
- Plus, you receive all the forms, worksheets, tips, guides, and video instruction you need to classify your employees with PINPOINT ACCURACY and TAKE CONTROL OF YOUR PREMIUM AUDIT, so you know for a fact that you are not being overcharged.
This training puts you in charge of what may be one of your business's highest-cost items: your Workers’ Compensation Annual Premiums.
This training empowers YOU to take responsibility - and not hand that responsibility over to the often MISTAKE-RIDDLED “FILL IN THE BLANK” BLACK BOX PROCESS agents and insurance companies routinely rely on to determine how big a check you must write to be covered.
Our philosophy is simple.
YOU SHOULD BE IN CONTROL OF YOUR COMPANY’S CHECKBOOK.
And when it comes to Workers’ Comp, the ONLY way for you to be in control of your checkbook is to KNOW HOW THE SYSTEM WORKS – DO YOUR OWN CALCULATIONS and be CERTAIN your job classifications, your Experience Mod and everything else is correct – accurate – verified – and supported, in full, by the regulations.
About Your Investment To Attend The Training
Compared to the value you receive, your investment to attend this training is ridiculously low, only $1497 for up to three (3) individuals in your company.
That’s $4.10 a day over the course of a year or just $1.36 a day each for three people to attend and learn to manage a system that directly impacts your bank account.
Because of classification errors, errors determining the Experience Mod, reporting errors, and DOZENS of other errors explained in detail in this training, over HALF of all businesses overpay their Workers’ Comp premiums.
Don’t be surprised if you discover errors during the training that, when corrected (as you learn to do in the course), make you eligible for a refund of the overpaid premium.
And don’t be surprised if – once those errors are corrected - your annual cost drops from as little as a few thousand dollars a year to as much as ten times that amount.
For More Information & To Register For This Online Training So You Can Begin To Benefit Right Away…
One More Thing
This Makes The Course Virtually Free
A message from Kevin Ring, Lead Workers’ Comp Advisor with the Institute Of WorkComp Professionals.
At the risk of making this training seem dramatically underpriced, but because I am sincere in my desire for you to take the training and benefit in all the ways we’ve discussed, I want you to have a FREE BONUS that is every bit as valuable as the entire training.
I have personally completed over 1,200 Experience Mod Reviews, trained agents who have completed thousands, and helped businesses save millions of dollars.
So, to help ensure you gain MAXIMUM VALUE from this training…
FOR A LIMITED TIME: Your BONUS for attending Locked & Loaded is that after attending, I will personally do an Experience Mod Review for your business and guide you or your team members through the process.
I can’t promise the review will discover errors that will shave 15% to 50% or more off your premium. And I can’t promise I will find mistakes that land a big premium overpayment refund check on your desk.
But I can promise you will get the same quality Experience Mod Review that often runs $1000 or more, depending on various factors.
Wishing you great success!
Kevin
Kevin Ring, MWCA, CWCA
Lead Workers’ Comp Advisor
Institute of WorkComp Professionals
