Granite's CompSolutions
Workers' Compensation Premium Reduction Program
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We at Granite believe that control of your workers compensation costs are well within your reach.
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We will educate you about the typical and costly mistakes that are often made in favor of the insurance company. We will analyze, scrutinize and turn the process upside down.
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The institute of WorkComp Advisors studied how to catch these mistakes and implement the strategies needed for a loss-free workplace. Then, the institute compiled a formal training program and certification process for professionals who specialized in worker’s compensation.
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Working with the institute, Granite has consolidated the results and reduced it to a practical format, which is easily implemented, called CompSolutions. The CompSolutions system addresses all aspects of managing, preventing and financing work comp injuries.
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With implementation of The Institute of WorkComp Advisors and Comp Solutions, Granite will be able to strategize, implement…then control your insurance premiums.
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Take control with Granite’s CompSolutions.
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Seven Proven Solutions
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Granite’s CompSolutions outlines the 7 proven solutions to manage the audit process, eliminate mistakes and overcharges, reduce your risk of injury and injury cost, and create a loss free workplace strategy:
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Solution One: Manage the Audit Process
Granite’s CompSolutions will assist you to build an “overcharge proof” audit package. We will do this by providing you with a pre-audit package that includes the following details:
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Assign Payroll to Appropriate Classification via utilization of Payroll Reports
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Identify all Possible Excluded Payroll
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Obtain Certificates for Exclusion of Sub-Contractors Payroll
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Establish “Prevailing Wage Eligible” Payroll
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Prepare Payroll Summary Spreadsheet by Classification
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Audit Day – Take Control
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Create a defensible position for your company before your audit.
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Solution Two: Experience Modification Analysis – Is it Correct?
Experience Modification factors are often wrong. One out of every two businesses may be overcharged. Almost all are mismanaged.
The Critical Mod Analysis Steps:
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Complete analysis of the WCIRB rating worksheets
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Eliminate duplicate entries
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Identify any missing payroll
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Follow up on all corrections
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By demonstrating our expertise and guidance, errors can be corrected for current year and two previous years.
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Solution Three: Claims Management
Workers' Compensation acts as a tax on workplace injuries. Insurance Companies do not pay for employee injuries…employers do.
Claims cost escalate, because medical care is often misdirected or uncoordinated.
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Early Reporting – Train Employees To Report Claims Immediately
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Clinic-Employer-Partnership
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Back on the Job Program and Coordination
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Utilization of Independent Nurse
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Monitor Open Workers Compensation Claims
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A clear claims management program will lead your company to the primary goal..claims resolution.
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Solution Four: First Aid Claim Management
For California Businesses:
By paying for a first aid claim, you will save money on future insurance premiums over a three-year period.
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First aid: “any one time treatment and any follow-up visit.”
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By reporting first aid claims as “record only” you meet the obligation to report all injuries.
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Your pre-designated clinic will determine a first aid claim.
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The Impact of First Aid Claims On Premium
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Annual Premium $200,000
By controlling first aid claims, you will reduce the additional premium your company pays over a 3-year period.
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Solution Five: Corporate Culture
Injury problems begin at date of hire, not at time of claim. By using critical hiring forms, you can help eliminate the cost of a bad hire.
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The following forms are a few examples of what are available on our website for CompSolution clients.
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Conditional Offer of Employment
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Drug Free Workplace/Testing/Postings
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Post-Offer, Pre-Placement Medical Questionnaire
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Safety Checklist
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Hiring Checklist
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Employee Compliant Survey
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Employee Correction Form
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Pre-Termination Checklist
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Hire smart instead of managing hard!
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Solution Six: Employee Benefits
Healthy and happy employees are more productive, loyal – which result in a lower turnover and fewer injuries.
Through your personalized website:
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Granite streamlines the entire process of your benefits program.
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Allow employees to manage their own benefits.
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Reduces overhead and time.
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Empowers your employee by providing accountability and knowledge.
Group medical, dental and vision. Retirement plans, key person life and disability programs.
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Solution Seven: CompSolutions Program Agreement
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You want to feel you made the best choice when it comes to purchasing insurance.
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The service agreement outlines how they will be performed.
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Upon implementation of Granite’s CompSolutions program, we are requesting your renewal commitment in advance of the services we provide, due to the high costs of service this program has.
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I encourage you to place your confidence and trust in Granite’s CompSolutions Program.