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Managing Workers’ Compensation costs through Claims Management

In Business, Business Insurance, Manufacturing, Must Read by Andy Lerner0 Comments

For high risk industries such as manufacturing and construction, Workers’ Compensation insurance is a big portion of the P&L Statement – right behind payroll and employee benefits.  Containing costs starts with mitigation and follows through to managing the claims process. Let’s start at the beginning – the new hire.  Best in class companies have well established employment practices, pre-hire screenings, …

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Workers’ Comp Fraud: How Social Media Plays a Role

In Business, Business Insurance, Manufacturing, Must Read by Andy Lerner0 Comments

Workers’ compensation fraud costs at an estimated $7.2 billion a year, according to the National Insurance Crime Bureau. But how do you know if a claim is fraudulent? There are several warning signs. Some include Monday morning reports of an injury that happened the previous week, conflicting descriptions of how the injury occurred, or no witnesses and a repeated history …

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3D Scanning – is it the New Manufacturing Quality Control Process?

In Business, Business Insurance, Manufacturing by Kate Houlihan0 Comments

We work quite a bit within the manufacturing world, helping with supply chain management, loss control and risk management.  In any business, Cash is King and Quality Control is a close second. When problems aren’t caught, recalls happen, inventory is lost and so do profit margins. Whether you’re manufacturing your millionth ball bearing or your first foam seat cushion, your …