getting the best from workers’ compensation simon booth aegis risk management services november...
TRANSCRIPT
Getting the Best from Workers’ Compensation
Simon BoothAegis Risk Management ServicesNovember 2015
“Risk comes from not knowing what you’re doing”
Warren Buffett
STOP THE CLAIMS MANAGE THE CLAIMS
RISK MANAGEMENT LOSS CONTROL
Critical Period
Management and Supervision of employees
Policies and Procedures Recruitment Employment Fitness for Duty 10 Days 38 days 90 Days 365 Days
Injury/Claim
Claims Management
Early intervention The critical period Insurer management Strategies and goals Employer obligations
Employment
Engagement (Wellbeing) Ongoing management and
supervision Performance Management Section 40, 11A, 32(5), 5(1)
Taking Control of your Risk
Fitness for duty
Inherent Requirements Section 19 (WHS), 22 (Vic),
9 (WA) Pre-existing Injury Non work related injuries Ageing workforce
Employment
Key Performance Indicators The Fallacy of Zero Harm Frequency Vs Severity Reporting Lines
Recruitment
Clear Job Descriptions Inherent Requirements Pre-employment Medicals Psychometric Testing Section 41 / Section 571B
Policies and procedures
Performance Management Code of Conduct Pre-employment medicals Fitness for duty
Critical Period
Injury/Claim
10 Days 38 days 90 Days 365 Days
Management and Supervision of employees
MANAGE THE CLAIMS
48
Hours
(70%)45 Days 70 Days
10 Days 42 Days 84 Days 87 Days
4 to 6 Sessions
CONTROL
20 Days(50%) (35%)
LOSS CONTROL
DIRECT OBSERVE
Mitigating your Losses
Questions