What does the Monday Morning Workers Compensation Claim have in common with radio waves and magnetic fields?
While hard to see, Evidenceindicatesthattheyallthreeexist
What does the Monday Morning Workers Compensation Claim have in common with radio waves and magnetic fields?
While hard to see, Evidenceindicatesthattheyallthreeexist
Anyone can quote your workers compensation, Am Suisse can help protect your modifier
Income Replacement
If you are injured on the job and can’t work
Medical Bills
Pays treatment due to on-the-job injuries
Death Benefit
Income Replacement
You still need income if you are sick or hurt and can’t work
On The Job Off The Job
Pay specific amounts due to injuries on-thejob
Medical Bills
Deductibles, Coinsurance, Prescriptions
Death Benefit
Payoff of house car notes or credit cards
Anyone can quote your workers compensation, Am Suisse can help protect your modifier
Income Replacement
If you are injured on the job and can’t work
Medical Bills
Pays treatment due to on-the-job injuries
Death Benefit
Income Replacement
You still need income if you are sick or hurt and can’t work
On The Job Off The Job
Pay specific amounts due to injuries on-thejob
Medical Bills
Deductibles, Coinsurance, Prescriptions
Death Benefit
Payoff of house car notes or credit cards
Studies indicate the additional claims on Monday are filed prior to 12:00 noon and they are soft-tissue claims that are not specifically tied to the occupation,
Since insurance companies use frequency & severity as part of their criteria to set Workers
premiums, avoiding the Monday Morning claim:
1. Reduces the frequency of Monday Morning Claims
2. Removes the employer lack of control over the severity of OFF THE JOB injuries
3. Reduces the time spent by the employer processing and monitoring the claim
4. Reduces the need for the employer to hire new or “fill in” with other employees
5. Allows the employee to obtain immediate medical care during the weekend
6. Allows the employee to obtain direct financial payments for OFF THE JOB injuries
Studies indicate the additional claims on Monday are filed prior to 12:00 noon and they are soft-tissue claims that are not specifically tied to the occupation,
Since insurance companies use frequency & severity as part of their criteria to set Workers
premiums, avoiding the Monday Morning claim:
1. Reduces the frequency of Monday Morning Claims
2. Removes the employer lack of control over the severity of OFF THE JOB injuries
3. Reduces the time spent by the employer processing and monitoring the claim
4. Reduces the need for the employer to hire new or “fill in” with other employees
5. Allows the employee to obtain immediate medical care during the weekend
6. Allows the employee to obtain direct financial payments for OFF THE JOB injuries
Survey Results from 600 Employers
After offering Accident or Disability Income Replacement Insurance
Large Employers – 500+ employees
Accident 42% report a decrease of up to 50%
Disability 31% report a decrease
Medium Employers – 100 to 499 employees
Accident 27% report a decrease of up to 50%
Disability 25% report a decrease
Small Employers – 3 to 99 employees
Accident 24% report a decrease of up to50%
Disability 35% report a decrease
Survey Results from 600 Employers
After offering Accident or Disability Income Replacement Insurance
Large Employers – 500+ employees
Accident 42% report a decrease of up to 50%
Disability 31% report a decrease
Medium Employers – 100 to 499 employees
Accident 27% report a decrease of up to 50%
Disability 25% report a decrease
Small Employers – 3 to 99 employees
Accident 24% report a decrease of up to50%
Disability 35% report a decrease