Nixer Comp’s Post

🌟 Calling all Workers' Compensation Professionals! 🌟 Curious about why the Texas Work Comp System works so effectively? Unlike other states, Texas has maintained stability without massive overhauls. Whether you're a claims adjuster, risk manager, compliance professional, or workers’ comp lawyer, understanding the unique workings of Texas' system is essential for your daily endeavors. Get insights into its operation and background to enhance your expertise. 💼 Feeling the stress of the insurance industry? You're not alone. Join us for a session on managing stress in the demanding world of workers' compensation. Learn techniques to navigate heavy caseloads, angry customers, and time-sensitive deadlines while prioritizing personal well-being. 🤝 Explore the changing benefits for public workers and how they impact private sector employers and insurers. Gain valuable insights from experienced experts in a panel discussion led by professionals well-versed in Texas workers' compensation laws. 🤖 AI is revolutionizing workers' compensation. Discover how AI benefits claims adjusters, compliance officers, fraud investigators, and attorneys. Learn how to harness its advantages while mitigating potential challenges. 💰 Combatting WC Fraud is crucial. Recent reports reveal the staggering costs of fraudulent claims, impacting insurance companies and everyone involved in the process. Equip yourself with the tools to identify, report, and reduce fraudulent incentives in a dedicated session led by industry experts. Don't miss out on these invaluable insights! Mark your calendars and stay ahead in the ever-evolving world of workers' compensation. #WorkersComp #TexasWorkComp #InsuranceIndustry #AI #FraudDetection #RiskManagement #ComplianceProfessional Register TODAY! https://lnkd.in/gZqZYtk8

Ever had to let go of someone in your brokerage? Here's everything you need to know: Recently, our client encountered such a situation, prompting us to assist with best practices for handling employee terminations within the industry. As an insurance professional, our client is no stranger to the complexities of managing personnel and making tough decisions. One such decision, which often weighs heavily on managers and business owners alike, is the termination of an employee. While it's a topic many would prefer to avoid, it's essential to address it with transparency, compassion, and professionalism when it becomes necessary. The insurance industry is heavily regulated, and termination procedures must align with legal requirements and company policies. Consulting legal counsel or HR professionals to ensure compliance with employment laws and contractual obligations is crucial to mitigate risks and protect the organization's reputation. Terminating an employee can have significant personal and professional implications. Offering support in the form of career counseling, outplacement services, or access to employee assistance programs can help ease the transition and demonstrate a commitment to the individual's well-being. Minimize disruption to workflow and client service by proactively addressing staffing changes and reallocating responsibilities as needed. Communicate changes to relevant stakeholders with transparency and reassurance. Ever had a tough situation your business has had to handle? I'd love you to pop a comment below on what happened and how the situation played out. #insurancerecruitment #insurancejobs #careersininsurance

🔍Looking for seasonal workers? It's important to use the same hiring process as for long-term positions. 📝Explore our guide on hiring and training seasonal employees to streamline your hiring process and maximize productivity: https://lnkd.in/gA-yWy93 #EMCInsurance #Keepinginsurancehuman #TemporaryJobs #TeamWork

The shortage of Workers’ Compensation Claims Examiners is reaching worrying levels. Possible risks include cost inflation and delays in benefits. Claims Journal has an excellent article by William Zachry on this challenge and actionable solutions for employers. The proper technology and the right hiring practices are among the solutions that can help to address this issue. Click to read more!  https://lnkd.in/efxvSACA For more updates and industry news, be sure to follow Medlogix! #medlogix #WorkersComp #insuranceindustry

"I'm drowning and can't delegate. Our new employees don't know anything." The struggle is real to onboard and train our new(er) colleagues. Have you considered what we're asking as you drop them into your team? There's a reason this is hard. Our industry's a little extra on everything including this basic question... How "big" is the group? Note: We're not talking premium or revenue to the firm here. We're looking for a count of benefit-eligible employees. Depending on who's asking (or the data source) our new employee may hear/see: EEs FTEs Lives PTBEs Heads Eligibles Insureds Enrollees Contracts Members Doorknobs Employees Subscribers Participants Beneficiaries Belly Buttons Policyholders Plus, in some markets, we still say “I got a 100-man group”... That takes me back to my start in the business in the late 1900s. 😉 Am I missing any? Don't blame knowledge gaps on remote work or work ethic. Work as a team to provide resources and structure without overwhelm. If you're curious about how our programs can help while removing the training burden off of your existing team, ask me. Pssst. Message me if you don't understand a term and want to ask privately. Last week I explained RFP to someone in a Marketing Dept and the week prior that "PnC" was "P&C"... There are no silly questions and you may ask me something we'll figure out together! Day 10: Daily LinkedIn posts in April and May about how high-performing client service teams help insurance brokers grow. #letsgetreal GenuineShift We build client service teams to help insurance brokers grow. Clients hire you to be led.™ #insurancebrokers #insuranceindustry #womenininsurance #employeebenefits

How we cut premiums by 50% for this client 👇 A leading aftermarket auto part manufacturer faced a critical issue: A high Experience Modification (ExMod) rate due to poor communication between the employer and claimants. And an underutilized return-to-work program. This resulted in extended claim durations and costs. Doubling indemnity payments.  And a spike in litigated claims as employees felt neglected. Here’s what we found when we ran our analysis 👇 1️⃣ HR lacked awareness of claimants' medical appointments, missing opportunities to express care and keep tabs on recovery progress, leading to prolonged and costlier claims. 2️⃣ Only half of the claimants received light/modified duty assignments, though nearly all could have been accommodated, unnecessarily inflating claim costs. 3️⃣ Poor communication and support led to an environment where employees felt uncared for, significantly increasing the likelihood of litigation. Here’s what we did for them 👇 👍We established a new standard, ensuring all claimants received a personal note from HR within two days of injury, emphasizing the company's commitment to their recovery and navigation through the workers' comp system. 👍Our on-staff claims adjuster ensured HR was informed of all doctor appointments, facilitating better communication with employees and reducing missed appointments. 👍 We developed light/modified duty job descriptions, enabling nearly all injured employees to remain at work, significantly reducing the need for indemnity payments. The outcome? ✅The time from injury to full recovery shortened, and litigated claims became rare. ✅The manufacturer's ExMod rating plummeted from 220 to 77 within three years. ✅ Annual premiums were cut from nearly $500k to under $250k. Want to work with us? DM me