company is going to charge the pallet company over a three year period $4 for every $1 they have had to pay.”
The insurance companies get to recoup the work comp claims cost for medical and disability payments only, Tillery notes. None of the money insurance company spends defending you or investigating the claim can ever come back to hurt your EMR at all. This means it’s much better for the pallet operator that the insurance company spends $50,000 in defense and investigation than it is to settle that same claim for $5,000.
As a result, while it might seem cheaper for pallet operators to settle a claim rather than to investigate, this approach is a false economy. Operators will ultimately pay a lot more in aggregate over succeeding years.
Tillery emphasizes the importance of choosing an insurance provider based on the value that they bring, not the quotes. To start, he advises looking for a provider that offers proactive claims management, 24-hour nurse triage, and EMT response.
For more information, visit www.whiteboardrisk.com.
The Membership Drive Is On!
This year's membership drive is now underway, and as always, the competition will be intense.
In addition to valuable cash prizes, the winner now also receives the membership plaque, presented at the Annual Meeting. With the highly successful 2019 Annual Meeting now in the books, it is time to work toward 2020.
When you recruit new members, the entire WPA membership is the winner!
New members can join and pay on the website. Here is the link: www.westernpallet.org
AUGUST 2019