Risk Management Solutions

At Human Capital Strategies we provide workers’ compensation solutions that deliver effective handling of insurance premium audits, processing for work related injuries, and OSHA record keeping.

Human Capital Strategies can provide solutions from start to finish for your workers’ compensation administration in addition to your company’s employee safety programs. Not only will we handle your worker compensation claims management, but, also offer only top coverage for your employees from “A” rated carriers.

We can assist your company in handling issues and concerns related to employee injury and wellness. In addition our risk reduction & safety plans result in less employee downtime and lower insurance rates, which ultimately saves you valuable resources.

Workers’ Compensation

Do you have enough workers’ compensation coverage? Workers’ compensation insurance is essential for any business, regardless of how risky the business is. Inadequate workers’ compensation coverage can be detrimental, especially for a small- or medium-sized business. Human Capital Strategies can help you keep track of the different workers’ compensation codes, as well as offer a cost-effective means of acquiring workers’ compensation insurance. Our coverage policy does not require a deposit.

Human Capital Strategies provides risk management support through a team of dedicated professionals who are available for on-site and Call Center support.

Our workers’ compensation services, powered by the experience and expertise of WCCA (Workers’ Compensation Company of America), include a call center staffed with professional personnel who can help you with any questions you have about claims, take claims, evaluate a level of care, educate injured workers on their benefits and assist with Return-to-Work Coordination.

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Click a link to see our Risk Management services

• Crucial Areas of Support
• Administration
• Claims Management Solutions
• Light-Duty Work has its Benefits
• Risk Reduction
• Safety Plans
• Employers Professional Liability Insurance (EPLI)
• Benefit Renewals

Crucial Areas of Support:

• Analyze and Recommend Safety Protocols
• On-Site Safety Inspections
• Safety Program Development Assistance
• Return to Work Strategies
• Drug-Free Workplace
• Certificates of Coverage
• Coordinate Safety Training and Certification
• OSHA Assistance

Administration

Human Capital Strategies Workers’ Compensation Administration Solutions can eliminate the burden and control the costs of handling insurance premium audits, processing claims of work-related injuries and OSHA compliance.

Along with our Payroll Solutions, either PEO or ASO, by using our Workers’ Compensation Administration Solutions, you can pay your premium each and every pay period based on the actual payroll that has been reported for that pay period. Human Capital Strategies will submit the premiums to the carrier on your behalf. At the end of the year we even conduct an audit with the carrier as a final check. Now that’s thorough. As a result, our Administrative Solutions can eliminate the need for deposits, payment schedules, and payroll audits.

So, whether you use Human Capital Strategies Workers’ Compensation Solutions or do it yourself, our advanced solutions eliminate speculation of Workers’ Compensation reporting. Our standard reports contain all of the required fields necessary for Workers’ Compensation reporting compliance. Just attach your check to the report and send it in to your carrier. We automatically factor in experience modifiers and discounts if applicable.

Our standard Workers’ Compensation reports include the following:

• Carrier
• Division
• Location / State
• Pay Code & Type
• Employee Name & Number
• Workers’ Compensation Code
• Gross Wages – Regular & Premium
• Base for Workers’ Compensation Charge
• Actual Workers’ Compensation Charge

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Claims Management Solutions

Are you tired of workers’ compensation requirements that require large deposits to bind coverage? The old antiquated ways are just that, old. With Human Capital Strategies managing your workers’ compensation solutions we analyze your situation to provide you with the best opportunity to control cost. Solutions include e-modifiers, length and time in business, as well as payments based on actual payroll.

Injuries do happen in the workplace, and when they do, you can rest assured that they will be handled in a timely and efficient manner with Human Capital Strategies Claims Management Solutions. We’ll manage every aspect of the injury, every step of the way.

Your employee’s are the most valuable asset to any business, So immediately send or arrange for your injured employee’s immediate treatment at the closest healthcare facility or hospital. We’ll notify the carrier of the injury (once it’s reported to us) and begin the process for provider billing and back to work scheduling. Then, all the billing will be routed to our offices to be recorded, processed and then sent out to the carrier. Once your employee is cleared and able to return to work, we’ll then monitor any additional billing or return-to-work issues.

Unfortunately not all industries can be served. So please contact your Human Capital Strategies sales representative for industry specific details.

Light-Duty Work has its Benefits

Transitional duty is the cornerstone of any successful risk management program. By returning injured employees back to work through transitional (light) duty tasks and continually transitioning them to an increased work capacity, you can help control medical costs and keep indemnity expenses as low as possible. 

Bringing injured employees back to work at modified light-duty jobs shows the employee that your company cares for their health and well-being. All too often, employees who are not brought back to work on light-duty programs are the same employees who feel neglected and unwanted by their worksite employer and will hire an attorney in hopes of being able to secure a large settlement.  Furthermore, there are often substantial discounts on the impact a claim will have if an employee is able to return to work promptly.

The benefits of providing light-duty work to injured employees include:

• Improved employee morale.
• Lower average claim costs.
• Improved worksite production versus operating an employee short.
• Increased fraud protection. (If an injured employee is offered a light-duty position that is approved by their treating physician and the employee chooses not to return to work, then the employee no longer receives compensation for missing work.)

Working together, Human Capital Strategies and WCCA will provide the following assistance:

• Walk you through the steps of executing a successful return-to-work program.
• Help you train supervisors and employees in prompt reporting techniques.
• Assist you in developing light-duty positions.
• Coordinate with medical providers to achieve proper return to work of injured employees.

Risk Reduction

Let Human Capital Strategies design an OSHA certified plan for your business, our risk management team will employ our Risk Reduction 5 Step Process that begins with a thorough analysis of your current program/situation. We then perform an inspection and produce a report including specific recommendations to implement change. Next we start the process of education and follow it up with employee awareness. At Human Capital Strategies our process will show you ways to eliminate risk and reduce your operating expenses.

Human Capital Strategies’ Risk Reduction 5 Step Process includes:

• Analysis: Understanding your current program/situation can determine the type of planning or maintenance you may need or require.
• Inspection: Human Capital Strategies’ team of professionals will inspect your property, facility or job site. Identifying potential issues and hazards before they become problems, our experts will provide a detailed report that covers it all.
• Implementation: Our report will suggest what steps need to be implemented. Our team can direct the necessary modifications insuring that the changes are compliant before your next audit.
• Education: After the above steps have been completed, we will assist you in educating your employees about the importance of safety.
• Awareness: This is by far the most important step in our process for keeping injuries to a minimum. Human Capital Strategies can assist you with ways to keep your employees alert and aware of there surroundings.

Safety Plans

Human Capital Strategies has 50+ written safety plans, from accident prevention to lockout/tagout procedures to workplace violence. We’re confident these standard plans will keep you compliant. By choosing the appropriate training material, along with available PowerPoint presentations, and safety meetings, your involvement and commitment to safety will pay you back with reduced employee down time and turnover, lower insurance rates and higher overall employee morale.

Employers Professional Liability Insurance (EPLI)

Protects the employer including its directors, officers and employees for claims resulting from wrongful termination, discrimination (age, sex, race, disability, etc.), sexual harassment, wrongful discipline, failure to employ or promote and other employment related allegations.

EPLI Claims are on the rise. Due to the economy, employers are seeing an increase in these types of claims. It is estimated that 3 out of 5 employers will be sued by an employee. It can happen to ANY firm. It could be a joke told in the break room, an employee you had to fire, a “friendly” supplier, or that person you chose not to hire. Every employer faces the reality that it will be the target of legal action from past, present and prospective employees. Regardless of the claim’s merit, the typical defense costs alone average $100,000 to $200,000 per case.

Benefit Renewals

Employee benefits plans comprise of a significant part of the total compensation package offered by an employer. Due to constant changes in the employee benefits industry, legislative, and economic conditions, companies should routinely review their benefits packages to meet established corporate objectives and the needs of their employees.

Human Capital Strategies gives you access to the best value of benefits plans in the marketplace by offering a comprehensive, single-source solution that fits the specific needs of your organization. Integration with Human Capital Strategies Payroll and Human Resources Services reduces duplicate data entry and simplifies benefits communication & administration.

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