September 5, 2008

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How Workers' Compensation Claims Can Kill a Business

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By David A Torres, J.D.

1 Comments

There I was, looking over three claims from the insurance company and my client in his Levi's and freshly pressed shirt who was looking for what every businessperson seeks--logical cost-effective solutions to their business problems. In this case, it was one of three Workers' Compensation claims that had occurred over 18 months.

My job was to interact on my client's behalf to bring these cases to a close quickly and with optimum economic efficiency. Workers' Comp rates were skyrocketing and the business community was in a fight for its economic life as it watched many likeminded business people fall by the wayside over a single cost, Workers' Compensation Insurance.

The client, the owner of a small manufacturing company, was convinced his insurance company would not only act honorably, but move quickly to assist him in resolving his problem that they had created, once they understood the facts.

I argued that the meeting would not be productive, that his expectations were not going to be met. However, he convinced me that it was worth a shot. As an ex-cop, who after graduating from law school was now working with employers to resolve these types of problems, I had the same perspective as the times I had arrested a suspect five times for burglary, each time saying he would never do it again.

As you may have guessed, it was a short meeting. My client (let's call him Harold) explained very carefully how the claims had been allowed to expand because the insurance company's claims department had failed to monitor them. Further, he pointed out that they failed to investigate or respond to specific information he had provided on one case, which clearly indicated fraud.

He also pointed out that he had advised the insurance adjuster that his company had provisions for "modified duty" and that the carrier had failed to utilize that option, which ultimately cost him more money.

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He then described how the most costly injury had actually been videotaped (by security cameras on the production floor) and how it clearly showed that the accident did not occur as the injured worker had reported. Although he had asked the claims department to have someone review the tape, it didn't happen. After making a number of requests, he had sent the tape to the insurance company and confirmed that it had been received and that the case would be addressed. Five months passed and my client found out the videotape had not been viewed by the claims department, but a significant settlement was being offered.

After explaining all this to the claims department director and two other senior officials, Harold simply closed by saying, "You can see how this has done a lot of damage to my company. Because of all of this, my Workers' Comp premium is going to double and I can't afford that. My rate increase won't stop there; it will go up even more the next year." Next Page >

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JOHNFHORN

October 21st, 2008 6:53 AM PT

WITH ATTITUDE OF THE INSURER, AS REFLECTED IN THIS ARTICLE, IT IS NO WONDER THAT INSURANCE COMPANY'S HAVE COME TO FALL INTO THE "I DON'T TRUST YOU " CATEGORY. INSURER'S MUST TAKE THE SAME PROACTIVE APPROACH TO W.C. AS EMPLOYER'S HAVE TOWARDS SAFETY. FRAUDENT CLAIMS AND FALSE ACTS SHOULD RESULT IN "HARD TIME".

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