RISK MANAGEMENT AND LOSS CONTROL
One of the least promoted, yet extremely valuable, services to the client business is the risk management provided by the CornerstonePEO in the areas of workers' compensation insurance and unemployment. CornerstonePEO aggressively manages claims in both areas. Why? Because, in most cases, a work comp or unemployment claim goes against CornerstonePEO's experience, not the client's. This is one of the greatest benefits of the co-employer relationship.
Imagine a construction company with 10 employees that incurs a $200,000 work comp claim. The construction company does not have the resources to manage this claim and it goes against the company's experience. This, in turn, raises the work comp rates to a point that may likely drive that company out of business. A PEO, on the other hand, has a department that will manage this claim, working to find a quick resolution. These efforts will inevitably result in a much lower claim cost.
Cornerstone PEO can provide you with services such as:
When an accident occurs, we immediately get involved assuring that the injured employee receives the care and attention they need.
Our Loss Control experts may perform on-sight safety reviews to help identify potential risks before an injury occurs.
Return to Work
Our trained experts can get the injured employee back to work quickly to minimize lost productivity and reduce the cost of the claim.
With access to our Risk Management Center, you will find thousands of tools and resources specific to your industry.
Our Loss Control personnel not only manages the cost of the claims, but reviews claim history to help identify any potential or repetitive hazards.
CornerstonePEO understands that your business can't stop when a claim occurs. We can provide you with the necessary representation to manage the obligations associated with a work-related injury.
CornerstonePEO makes dealing with claims and staying in compliance not only possible, but affordable as well. We understand the importance of timely claims reporting and effective claims management for keeping costs down. We are proud to offer 24-hour claims reporting, return-to-work and light duty programs. In addition, our own claims team directly reviews your claims and we are available to answer any questions you may have. With our workers’ compensation insurance services, your employee’s claim can get processed faster, allowing a quicker return to work.
Many business owners underestimate the risk of on-the-job injuries. According to the most recent data from the U.S. Bureau of Labor Statistics, in 2015, 1,153,490 injuries were reported that required time off. Those workers took an average of eight days off to recover. Our safety programs give peace of mind and help avoid incidents before they occur –allowing our clients to save money on premiums and promote a safe workplace. Our loss control personnel and safety engineers can help you establish an effective safety program that aligns with OSHA guidelines.
Within the first 30 days of enrollment, we can prepare a loss control survey that will help you understand how to identify any potential issues. Our team can issue hazard recommendations and help you develop safety manuals. We can have a certified risk consultant visit your location to determine avoidable hazards, unnecessary risks, and recommend best practices to prevent such claims from occurring. These Loss Control services not only lower the cost and frequency of claims, but also help to lower the client's workers compensation costs.
In addition to our aggressive claims management and loss control services, our clients have instant access to a wealth of risk management tool and resources.