Review and Workers Compensation Optimisation
Many businesses view workers’ compensation as an uncontrollable expense, but you can manage it strategically. For most companies, it ranks as the highest insurance spend and often becomes the second?largest cost after wages. Misunderstood, under?resourced, and frustrating, workers' compensation can feel more like a tax than a controllable business expense.
Case Study
A recent client, a medium-sized building company, approached ABILITY GROUP for advice as their workers compensation premium had increased dramatically due to poor claims experience. Operating in a tight margin business and strong competition from local competitors, the 90% increase in our client's workers compensation premium was an unbudgeted expense that literally threatened the financial viability of their business.
Following initial discussions, ABILITY GROUP was engaged to undertake a workers compensation program review with our client's objective of optimising their program and identifying cost reduction opportunities.
ABILITY GROUP's review identified a variety of possible strategies that would optimise our client's business, with each option having projected workers compensation premium reductions.
By engaging ABILITY GROUP, our client was able to make an informed decision that led directly to reducing their workers compensation premium by $70,000.
Need help or want more information?
- Does the above case study sound similar to what your business is facing?
- Do you need assistance in navigating workers compensation?
- Want your workers compensation program reviewed and optimised?
- Want to focus on your business and have a workers compensation specialist help you?
- Don't have a trained Return To Work Coordinator in your business and need help to meet regulatory compliance?
Contact ABILITY GROUP to discuss how we can assist you.
