Pro Comp Program
ProComp is a proactive systematic approach used by Eidson Insurance to help its clients effectively manage their workers compensation program and reduce their overall cost.
Analysis
A formal report is prepared for you following a thorough review of your historical loss experience. This report specifically identifies the source of your claims, quantifies the premium costs associated with each claim, compares your experience to similar organizations in your industry, identifies frequency and severity of claim cost drivers and lays the foundation for establishing an overall plan to reduce your claims and costs.
Education
You will be educated on the following issues and factors that drive workers compensation costs: the experience modification factor, claims management, claim reserves, return to work programs, loss control, safety culture and premium audit.
Insurer Selection
Insurance companies are not created equal. Following a formal analysis of your loss experience and identification of action steps necessary to reduce your claims and costs, we will identify the best insurance company whose service platform aligns with your specific needs.
Safety Culture Development
Human error accounts for 80% of workplace injuries. Establishing a safety culture mindset within the workplace environment is paramount to reducing claims and costs. Our Client Resources Specialist will work directly with you to implement an ongoing education program for your employees that will heighten their awareness about safety and reduce their chances for injury due to human error.
Claim Monitoring
Effectively managing an employee's claim is key to returning that employee back to your workplace as soon as possible and to reducing the claim's ultimate cost. Your Account Executive and Account Manager will monitor the status of your employees' claims and insure they are appropriately managed and that proper reserving practices are followed.
Audit Review
Errors in job classifications and payroll assignments can unnecessarily increase an employer's premium costs. Your Account Executive and Account Manager will thoroughly review the premium auditors worksheets to insure errors are not made that negatively impact your premium costs.