Six Important Reasons for Reporting a Claim Early

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Auspice Risk, Business, Claims, Girija Shaffer, Insurance, Workers Compensation

It is important to report all insurance claims promptly.  The ever rising cost of claims poses a serious threat for employers. However, following some simple strategies can reduce claims cost significantly. Early reporting of claims is considered as a wise business decision. The earlier an accident claim is reported, the lesser the claim cost is likely to be. In this article we will discuss the importance of promptly reporting claims.

Prompt reporting of claims is highly essential because it helps employers in the following ways—

Six Top Claims in Workers’ Compensation

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Auspice Risk, Claims, Claims Management, Girija Shaffer, Insurance, Occupational safety and health, Workers Compensation

Workers Compensation Laws are introduced to ensure that if an employee gets injured while at work, he/she will receive a compensation for replacing medical costs and lost wages. Each and every state has its own Workers Compensation Laws and they offer several benefits such as—

1. Medical benefits that include travel cost including medication, hospital stays, etc.
2. If the injured employee is not in a position to return to his original field work, he/she is assigned in a different field.
3. If the injured employee becomes disabled, temporarily or permanently, he gets paid time off work.

The most frequent workers compensation claims are as follows: