2. Contents Texas is the highest cost state for Workers Compensation Insurance WORKERS COMPENSATION PROBLEM NON-SUBSCRIPTION HISTORY NON-SUBSCRIPTION BENEFITS WHAT WE OFFER POWTER ADVANTAGE
3. Workers Compensation Problem 495 Fatal Occupational Injuries in Texas 5,702 Fatal Occupational Injuries Nationwide Texas makes up almost 9% Texas is the HIGHEST cost state for Workers Compensation Insurance Transportation accidents are leading event for work related deaths Based on 2005 Bureau of Labor Statistics Fatality Data 94% are men Majority are 25 – 54 years old Claims drive up Premium
4. Non-Subscription History Non Subscription Merged as an alternative business that chose not to subscribe provided their own injury benefit plan to cover their own injuries. Excessive litigation and fraud caused most insurers to leave the state Workers Compensation was out of control In 1989 Texas faced a crisis
5. Non-Subscription Benefits Claims Control Capital Prevention Rules Savings 4. Decrease Cost 5. Taylor Made ERISA Document 1. Employer Controls Claims 2. Increase Employer Benefits 3. Safety Incentives Downfalls: 1.NO Lifetime Disability Benefit 2. Employer is open to law suits
6. Non-Subscription Added Benefits 1 2 3 Primary Employer Indemnity Insurance Experienced Claim Administrators help employers manage claims, control exposure, claim costs and lost productivity associated with job-related accidents. First day coverage for new employees
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9. Stacey Ray – Account Executive 800-473-8697 x102 [email_address] Thank You !
