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Together, Managing Workers Comp Risks & Costs

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Look to Us for Your Workers Compensation Solutions

Businesses, according to California law, with one or more employees must provide Workers Compensation benefits to their workers. Workers Compensation insurance serves two purposes: It ensures that workers who are injured or become ill on the job get medical care and compensation for a portion of the income they lose while they are unable to return to work, and it usually protects employers from lawsuits by workers injured while working. If a worker is killed on the job, death benefits to his or her dependents will also be provided.

The Challenges of Today’s Workers Comp Landscape

For many businesses, Workers Compensation represents a significant expenditure, particularly for certain industry sectors, such as construction, manufacturing, and home healthcare where injuries are prevalent due to unique hazards and exposures. In addition, California, on average, has the highest Comp rates in the country – largely driven by the state’s frequency of permanent disability claims, high medical costs per claim due to protracted medical treatments, and much higher-than-average costs in handling claims and delivering benefits.

To help businesses select the best Workers Compensation solution and strategies suited for their organization and to help manage costs, an experienced, knowledgeable and reliable partner is needed. That partner is ISU-The Olson Duncan Agency.

Workers Comp Options Available

We offer our clients various Workers Compensation options depending on the size and organizational structure of the business. This includes standard Guaranteed Cost Programs, Small and Intermediate Deductible Plans, Large Deductible Programs, Self Insured Programs and Captives Insurance Programs.

Managing Your Comp Risks

Our staff will conduct a comprehensive review of all your documents, including your current Workers Compensation policy, your experience modification worksheet, payroll audits, and loss-sensitive rating adjustments, to see if there are any problem areas or employee miscalculations to make sure you are paying the right premium. We will also help you quantify future potential outcomes by analyzing your past results to determine where your exposures lie and where improvements can be made and the strategies that should be in place. Our insurance carrier partners and consulting partners will also provide assistance in loss control, safety and accident investigation programs, and implementation of return-to-work programs to help reduce workplace injuries and get employees back to work as soon as possible.

A 360-Degree Approach to Workers Comp Management

ISU-The Olson Duncan Agency is committed to helping clients manage their Workers Compensation costs by fostering a culture of safety, establishing or enhancing safety programs and injury and illness prevention plans, and implementing strong loss-control measures. What we do is so much more than sell insurance, we are here to help address claims, deal with claims adjusters, and get claims closed to keep costs down. We consider ourselves your business’s insurance arm and partner. To find out more about how we can help you, call us at (310) 373-6441.