Workers Compensation Risk Professional

This section starts with an explanation of the historical development and evolutionary process of the Workers Compensation system across the U.S. The section continues by identifying the purposes and objectives of Workers Compensation, along with a deeper dive into how state-specific statutes and regulations shape coverage and administration across jurisdictions. The participant will then discuss the role the National Council on Compensation Insurance (NCCI). Plays in the development of statistical information, forms, and rules. After a review and discussion of the Information Page, the participant will learn about the key components of the standard Workers Compensation Insurance contract.

The participant will take an in-depth look at how medical treatment and benefits, along with income replacement, disability benefits, rehabilitation, and death and survivorship benefits, including how they vary by jurisdiction. are handled. This section will also take a close look at the roles of employers, insurance companies, and third-party administrators. This includes the entire claims process from injury to final resolution, in addition to common challenges with claims and dispute resolution mechanisms.

Learn how to identify common workplace hazards, including emerging risks, such as remote workers, as well as a close look at the components of effective loss control and safety programs, as well as how Return To Work programs reduce costs and improve claims outcomes. Participants will then learn how to analyze loss data to spot loss trends and recommend corrective actions to insureds. In addition, understanding the legal landscape of workers compensation is crucial for effective risk management, compliance, and guidance for claims and disputes. Participants will learn about the main categories of employer liability under workers compensation law and the key defenses available to employers against workers compensation claims. In addition, they will compare state-specific requirements and their impact on business operations. Finally, this section will evaluate the implications of recent legislative changes for insureds.

Participants will learn how workers compensation interacts with other coverages, such as general liability, auto insurance, health insurance, disability insurance, and employment practices liability. Next, participants will take a closer look at remote and hybrid work environments to help identify unique risks associated with this exposure. Participants will also discuss how to anticipate trends that shape the future of the workers compensation. The section closes with a look at how to be proactive in preparing strategies for insureds, as well as their own organizations. The section concludes with a discussion on the outlook for the future of workers compensation, including wearable safety technology, AI and data analytics, impacts of an aging workforce, and legislative updates.