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Washington Work Comp | Risk Options & Solutions

Risk options and solutions helps employers save on Washington Work Comp costs

http://www.riskoptionssolutions.com/

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Washington Work Comp | Risk Options & Solutions | riskoptionssolutions.com Reviews
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Risk options and solutions helps employers save on Washington Work Comp costs
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Washington Work Comp | Risk Options & Solutions | riskoptionssolutions.com Reviews

https://riskoptionssolutions.com

Risk options and solutions helps employers save on Washington Work Comp costs

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Safety / Accident Prevention | Risk Options & Solutions

http://www.riskoptionssolutions.com/services/accident-prevention

Safety / Accident Prevention. What is Experience Modification? Resources / FAQ’s. Safety / Accident Prevention. Every company is required by regulations to have an Accident Prevention Plan and a workplace free of recognized hazards. Risk Options and Solutions will provide the basic compliance materials so your time, resources and focus can be applied to the ultimate goal of reducing injuries and their financial impacts. The answer will be “YES”. For additional accident prevention programs and issues that...

2

Services | Risk Options & Solutions

http://www.riskoptionssolutions.com/services

Safety / Accident Prevention. What is Experience Modification? Resources / FAQ’s. Risk Options and Solutions services use the following guiding principles:. Provides a constancy of purpose for decision making through education, information, and influence. Problems and issues dealt with in real time, instead of chasing them later. Each client is involved and becomes self-sufficient in knowing and applying the basic cost control elements. Safety / Accident Prevention.

3

What Is Retro? | Risk Options & Solutions

http://www.riskoptionssolutions.com/washington-work-comp/what-is-retro

Safety / Accident Prevention. What is Experience Modification? Resources / FAQ’s. The Department of L&I offers a Financial Incentive Plan option (Known as Retro) for sponsored groups and individual employers. Under this plan, premium refunds are paid when losses are less than paid premiums. Assessments (Up to the selected cap) are owed when losses exceed paid premiums. The refund rules were changed effective 1/1/10, significantly increasing the plan enrollment options. What is Experience Modification?

4

What is Experience Modification? | Risk Options & Solutions

http://www.riskoptionssolutions.com/washington-work-comp/what-is-emf

Safety / Accident Prevention. What is Experience Modification? Resources / FAQ’s. What is Experience Modification? The Department of L&I publishes a base rate for each risk class for each calendar year. The Experience Modification Factor (EMF) is also calculated for every employer for each calendar year. The EMF is used as a multiplier to the base rates. If your EMF is 1.0000, your premium calculation uses the based rates. If your EMF is less than 1.0000, your premium calculation uses discounted rates.

5

Resources / FAQ's | Risk Options & Solutions

http://www.riskoptionssolutions.com/washington-work-comp/resources

Safety / Accident Prevention. What is Experience Modification? Resources / FAQ’s. Resources / FAQ’s. L&I Safety Rules-Topic Index. L&I Retro Performance Site. L&I 2012 Rates per Risk Class. Q: Our employee filed a claim 60 days after an alleged occurrence. Since this is a violation of our reporting policy, can we fire this employee? Not following the company claim filing procedure IS NOT a sufficient reason to get a claim denied. In fact, employees have up to 1 year to file a claim. Q: What is an IME?

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Safety / Accident Prevention. What is Experience Modification? Resources / FAQ’s. Premium Savings You Have Been Missing. Welcome to Risk Options and Solutions. Risk Options and Solutions is a technical resource and service provider for Washington State employers navigating the maze of L&I workers’ compensation system. Risk Options and Solutions is uniquely qualified by education, knowledge, experience and skill to achieve superior results.

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