The problem with the workers compensation system is that every participating party has a direct financial incentive to drive up the cost of your claims.
Doctors operating in the work comp system operate radically different than those doctors you see when you’re sick. They get paid to overprescribe and over-schedule with little or no oversight from your insurance company.
Work comp attorneys work on a contingent basis, and the only way they get paid is through a permanent disability settlement. Their job is to throw everything against the wall and see what sticks.
Not all employees are bad, right? While some are just looking for proper care after being injured, others take advantage of the system intentionally and are incentivized to stay at home, collect disability or work elsewhere under the table.
Your work comp claims are financed through your X Mod. As your claim’s cost rise, your premiums will rise with it. On average, for every $1 an insurance carrier spends, they will charge you $4 in premium over three years.
Your broker most likely is not bad at their job, they’re just not equipped to effectively manage your X Mod. Since they make 10-15% commission on your work comp premiums, we think it’s time you Start Expecting More.
ONE PROBLEM, TWO SOLUTIONS.
This complex problem can’t be solved with a quick fix. It requires a multi-faceted approach specific to your company’s needs.
We created two platforms, X Watch and Overwatch, to have the best strategies available for companies small and large.
An out of the box solution to the experience mod problem that includes all the resources and oversight to effectively manage a company’s work comp, group health, and uninsurable risk.
For companies operating outside of the guaranteed cost market that need a custom plan. This platform is designed for companies that have the ability to take on risk and need an architect to ensure the policies, strategies, and execution are appropriately structured and proactively managed.