Category

Risk Solutions

Apr 19

Streamline Training & Tracking with Kapnick’s Risk Services Center

By Business Insurance, Risk Solutions
Successfully managing the many risks in your organization is essential for long-term growth. Employee training for risk management plays a critical role in preventing worker injuries and avoiding citations, fines, lawsuits, and workers' compensation claims. Streamlining risk tracking, training employees to prevent risks, and finding solutions before issues arise are key steps to creating a safer workplace. Kapnick’s risk services center can help.
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May 23

The Impact of Employee Benefits on Workers’ Compensation Claims – A Holistic Approach

By Employee Benefits, From the Experts, Risk Solutions
Workers’ compensation accounts for less than 2% of U.S. medical spending and was largely overlooked in the 2010 healthcare reform. However, workers’ compensation and healthcare reform are connected in two significant ways, both of which benefit employers and employees alike. RESULT #1: HEALTHIER WORKPLACES THROUGH INSURANCE COVERAGE The reform extended coverage to many previously uninsured workers, creating a healthier workforce. With access to preventive care, employees are less likely to suffer from undetected conditions like diabetes or hypertension, which can complicate workers’ compensation claims. Healthier employees heal faster, return to work more quickly, and are less likely to attribute underlying health issues…
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Aug 18

The Impact of Return To Work Programs – A Kapnick Case Study

By Case Studies, Risk Solutions
This case study highlights how real Kapnick clients have leveraged the return to work program benefits to safely get employees back to work while minimizing disability and medical costs. THE PROBLEM Workplace injuries can affect any business, at any time, regardless of industry. While risk management strategies help reduce accidents, they can still happen. When they do, having a Return to Work Program is critical. Delays in returning employees to work increase disability and medical costs and hurt productivity. Moreover, the longer an employee is absent, the less likely they are to return to their job. THE SOLUTION Creating an effective Return…
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Aug 17

The Impact of Office Ergonomics – A Kapnick Case Study

By Case Studies, Risk Solutions
This case study highlights how poor office ergonomics and workers’ compensation claims were driving up costs for a Kapnick client. By addressing ergonomic issues, the client reduced injuries, absenteeism, and premium costs. THE PROBLEM A Kapnick client with a large office staff faced significant workers’ compensation claims due to repetitive strain injuries. These included carpal tunnel syndrome, tennis elbow, and tendinitis. These injuries not only increased workers’ compensation costs but also caused absenteeism, presenteeism, and higher health care and disability claims. The Kapnick Risk Solutions team investigated and conducted a site visit. They found poorly designed workstations, including desks that were too…
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Aug 02

The Impact of Lowering an Experience Modification Rate – A Kapnick Case Study

By Case Studies, Risk Solutions
This case study showcases how Kapnick helped a precision machine component manufacturer in reducing their experience modification rate. By implementing proactive safety measures, the company significantly lowered workers’ compensation costs and improved profitability. THE PROBLEM A precision machine component manufacturer faced skyrocketing workers’ compensation claims, driving their experience modification rate to 1.63. The frequency and severity of claims caused their premium to rise, cutting into profit margins and stalling growth. THE SOLUTION Proactive Steps for Reducing Experience Modification Rate At Kapnick, we focus on staying ahead. We use predictive modeling to forecast potential experience modification rates and conduct targeted claims analysis…
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Mar 27

Home office ergonomics: How to set up your at-home workstation

By Risk Solutions
Working from home has become the norm for many, and creating an ergonomic work-from-home setup is essential for maintaining comfort and productivity. While not everyone has access to ideal office accommodations, it’s important to utilize what you already have in your home to the best of your ability. Here are some tips to help you set up your workstation for the best ergonomic experience. Location: Choose the Right Spot for Your Ergonomic Work-from-Home Setup Choose an area of your home where you can avoid household noise and foot traffic. A proper workspace on a hard surface is essential. Avoid setting up shop…
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