Risk Management: Understanding the Numbers [8024] | ||||||||||||
Date: Thursday, March 9, 2017 Time: 1:15 PM - 2:15 PM Location: Greater Columbus Convention Center Room: C161AB Speakers: Deborah Schultz, Business Consultant, Ohio Bureau of Workers' Compensation Troy Boughan, Business Consultant, Ohio Bureau of Workers' Compensation Jim Wyse, Regional Business Development Manager, Ohio Bureau of Workers' Compensation Track: Workers' Compensation Session Type: Educational Session Skill Level: Intermediate Description: Risk management is more than managing the numbers. This session provides an overview of how BWC calculates premium rates, including experience modifier (EM). The presenters share several actions that an employer can take to develop an effective integrated approach to manage workers' compensation costs. This information allows an employer to identify and implement appropriate risk management, loss prevention and claims-management strategies to minimize the financial impact claims may have on their rates. Learning Objectives: Explain how BWC calculates rates Describe the EM and its impact on premium rates Identify elements of an integrated approach to manage workers' compensation costs Distinguish between risk management, loss prevention and claims-management strategies
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