Lost production and staffing costs are part of the hidden expenses whe an injury occurs. Many companies do not factor these costs into their Workers Compensation budgets.
On Track Injury Consulting (OTIC) has a strong business focus and will work with you to ensure the best outcome at the most reasonable cost.
- We conduct claim reviews of your premiums, and negotiate with the insurer to organise legal and legitimate reductions.
- Insurers use a worst-case scenario when estimating claims prior to renewal.
- We supply sound evidence and plans so the insurer is able to reduce those estimates to reflect the most likely outcome.
- In addition, occasionally classifications do not reflect the true nature of your business and this can be addressed.
On Track Injury Consulting uses
early intervention to create positive
outcomes.
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Statistics from WorkCover indicate that a claim reported
two or three weeks after the incident have 13% higher
costs than those reported immediately; at four weeks the
cost increase to 25% more; at seven to eleven weeks
34% an at 12 weeks 91% more than those reported
immediately.
At OTIC we see this in practice every
day. Workers who receive early support in their claim
spend less time off work on workers compensation. From
this perspective, providing support immediately following
the injury is advantageous to workers and employers. |