Recordables

Reducing Workers Compensation claim cost by 40%

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The total cost of work-related injuries was estimated to be $167.0 Billion in 2021. This cost estimate represents lost income and expenses incurred because of both fatal and non-fatal injuries according to the National Safety Council (NSC). Research and experience have indicated that companies who take an early intervention approach can save up to 40% … Read more

What you should know about Risk Management software before committing to a RMIS system

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All Risk Management Information Systems (RMIS) solutions are not equal. Before committing to a risk management software solution, it is beneficial to research and understand capabilities, network security, services, and ongoing costs. The right RMIS system for covering risks, including workers compensation tracking software, can be invaluable to an organization. According to Grandview Research “The … Read more

How workers comp claims management software save companies tens of thousands of dollars

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Workplace injuries are expensive for the employee, and for the employer. The total cost of  administrative expenses  alone were $61 billion in 2020 according to the National Safety Council. Any reduction in the administrative costs can be applied directly to a company’s bottom line, and the right worker’s comp claims software is able to help. … Read more