Workers' Compensation

Take Ownership of Your Company's Workers' Compensation Process

As Workers’ Compensation expenses continue to grow for employers of every size and across all industries, understanding and addressing the many hidden costs allows companies to take control of their Workers’ Compensation programs.

The Liberty Company utilizes proprietary analytics, experienced claims advocates, and a proven, wholistic consultative process to allow employers to take ownership of the Workers’ Compensation process.

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Navigating Emerging Complexities in the Workers’ Compensation Market: Liberty’s Holistic and Consultative Approach to the Aging Workforce

Discover how businesses can turn the challenge of an aging workforce into an opportunity for growth, innovation, and competitive advantage.
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Why Choose Liberty for Workers' Compensation?

For over 20 years, our Workers’ Compensation Consulting team has studied the aspects of a Workers’ Compensation program that truly drive cost, looking beyond your Premium or Experience Modification.

Analytics that help you save

Our Analytics team dives into your data and extrapolates key cost drivers.

Experienced Claims Consultants

Our team of experienced Claims Consultants then uses those data points to determine mitigation strategies that result in long-term cost minimization.

Minimize your premium and collateral requirements

Our Risk Managers use these results to leverage against the open market in order to minimize your premium and collateral requirements, which means more money in your pocket.

Take Control of Your Workers' Comp

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VIDEO: Workers' Compensation Practice Group Overview

Analytics

With advanced, customized analytics, our team is able to root out hidden costs, identify trends, maximize premium spend, and make decisions that ultimately maximize the efficiency of your program.

Comprehensive and overarching claim data allows you to identify cost drivers and dive into the causes of any frequency or severity issues you may be having.
Comprehensive and overarching claim data allows you to identify cost drivers and dive into the causes of any frequency or severity issues you may be having.
To minimize your total program cost, it is important to establish risk retention strategies and leverage those strategies against the carriers at renewal. Knowing the base limit of your claims are is the key to building a program that maximizes your cost savings rather than maximizing the carriers premiums.
To minimize your total program cost, it is important to establish risk retention strategies and leverage those strategies against the carriers at renewal. Knowing the base limit of your claims are is the key to building a program that maximizes your cost savings rather than maximizing the carriers premiums.
Understanding how Tenure impacts your claims allows you to make adjustments to your pre-hire, training and offboarding processes in order to minimize your Workers’ Compensation cost per employee.
Understanding how Tenure impacts your claims allows you to make adjustments to your pre-hire, training and offboarding processes in order to minimize your Workers’ Compensation cost per employee.
Seeing all of this data in one place allows you to put the puzzle pieces together and make decisions that benefit your employees, your insurance program and your bottom line.
Seeing all of this data in one place allows you to put the puzzle pieces together and make decisions that benefit your employees, your insurance program and your bottom line.
While claims are an inevitability for employees of any age, understanding the impact of an aging workforce can help control your costs in both Workers’ Compensation and Benefits. Every decision you make with regard to Employee Benefits will have an impact on your Workers’ Compensation claims, and Liberty can review that impact before you make decisions.
While claims are an inevitability for employees of any age, understanding the impact of an aging workforce can help control your costs in both Workers’ Compensation and Benefits. Every decision you make with regard to Employee Benefits will have an impact on your Workers’ Compensation claims, and Liberty can review that impact before you make decisions.
With workforce issues playing a major role in Workers’ Compensation costs over the last few years, understanding which groups drive your claims is more important than ever.
With workforce issues playing a major role in Workers’ Compensation costs over the last few years, understanding which groups drive your claims is more important than ever.
Diving into and predicting future Experience Modifications removes the guess work and any surprises come renewal time.
Diving into and predicting future Experience Modifications removes the guess work and any surprises come renewal time.

What Workers' Compensation Coverage Options Are Best for Your Business?

At Liberty, our team of experts can help you find the right coverage at the right price for your business.

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Program Consulting

Our Risk Managers and Claims Consultants act as a member of your team to maximize the efficiency of your program. Our proven track record of reducing our clients total Workers’ Compensation costs is achieved by:

  • Advanced Analytics and Predictive Modelling
  • Tailored Program Design and Implementation
  • Human Resources Consulting
  • Training and Development
  • Claims Mitigation and Advocacy
  • Legal Panel Management

Together, these differentiators give employers power to anticipate expenses, develop customized solutions, reduce injuries, and mitigate claim costs.

What Workers' Compensation Coverage Options Are Best for Your Business?

At Liberty, our team of experts can help you find the right coverage at the right price for your business.

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Case Studies

Read case studies on how Liberty has helped clients like you uncover excess spend and lower cost.

After taking over in period 8, we were able to quickly improve our client’s closure rate significantly by closing their claims faster, more efficiently and at a lower cost. This resulted in a lower average cost per claim and reduced their pure loss rate in just two years.
After taking over in period 8, we were able to quickly improve our client’s closure rate significantly by closing their claims faster, more efficiently and at a lower cost. This resulted in a lower average cost per claim and reduced their pure loss rate in just two years.
Using our proprietary program, we were able to work with the client to focus on resolving a lot of their older outstanding claims. We worked with the client to change their culture and focus on the big picture. Instead of stipulating a claim to achieve short term cost savings, we implemented the strategy of closing out the future cost of the claim by settling out by way of CNR and reducing their outstanding reserves.
Using our proprietary program, we were able to work with the client to focus on resolving a lot of their older outstanding claims. We worked with the client to change their culture and focus on the big picture. Instead of stipulating a claim to achieve short term cost savings, we implemented the strategy of closing out the future cost of the claim by settling out by way of CNR and reducing their outstanding reserves.
Account was BORed in November 2018. After reviewing their current legal panel, legal costs, and overall litigation philosophy, we made wholesale changes to the entire program including implementation of a full legal panel around January 2019. These changes resulted in an initial reduction of over $400K in legal costs associated with when the services were provided within the first year of implementation. From there, we were really able to control the costs from a DOI (Date of Injury) viewpoint as all claims subsequent to 2019 were influenced by these overall changes. Within the next 3 years, the total paid in legal costs dropped 56% for 2020, 76% for 2021, and 99% for 2022 with a majority of these cases being resolved early on.
Account was BORed in November 2018. After reviewing their current legal panel, legal costs, and overall litigation philosophy, we made wholesale changes to the entire program including implementation of a full legal panel around January 2019. These changes resulted in an initial reduction of over $400K in legal costs associated with when the services were provided within the first year of implementation. From there, we were really able to control the costs from a DOI (Date of Injury) viewpoint as all claims subsequent to 2019 were influenced by these overall changes. Within the next 3 years, the total paid in legal costs dropped 56% for 2020, 76% for 2021, and 99% for 2022 with a majority of these cases being resolved early on.
This chart provides a benchmark of our client’s performance against it’s peer group. You can clearly see that although our client has a high frequency rate, we were able to maintain their severity rate at nearly 50% of the industry standard compared to their peers. This resulted in a significantly lower claim cost and experience modification for our client.
This chart provides a benchmark of our client’s performance against it’s peer group. You can clearly see that although our client has a high frequency rate, we were able to maintain their severity rate at nearly 50% of the industry standard compared to their peers. This resulted in a significantly lower claim cost and experience modification for our client.

What Workers' Compensation Coverage Options Are Best for Your Business?

At Liberty, our team of experts can help you find the right coverage at the right price for your business.

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Workers' Compensation Articles & Resources

Kirk Aguilera - Mastering the Financial Dynamics of an Aging Workforce A Guide to Strategic Risk Management
Mastering the Financial Dynamics of an Aging Workforce: A Guide to Strategic Risk Management 
Strategic Return-to-Work: Liberty’s Insights for Workers Compensation Success
picture of California’s Local Regulations
Workers’ Comp Insurance in California: Navigating California’s Local Regulations
Navigating Deductible Plans A Strategic Approach for Optimal Workers' Compensation Management
Navigating Deductible Plans: A Strategic Approach for Optimal Workers’ Compensation Management 
two employees are discussing workers compensation policies at work
Workers’ Compensation: Why Your Costs are High and How to Lower Them
Manager is discussing workers compensation policies with an employee
Workers’ Compensation: What You Really Need

Frequently Asked Workers' Compensation Questions

Yes! Every state requires some sort of workers’ compensation coverage for businesses with a certain number of employees. Additionally, certain industries have federal programs that require a certain level of workers’ comp coverage (i.e. railroad workers, longshore and harbor workers, defense contractors, oil rig workers, etc.)

Workers’ comp premiums are calculated based on the risks your company faces and the number of employees you must cover.

There are a couple of indicators that your program is not operating properly –  high claim severity costs, little to no advocacy, minimal analytics, to name a few – but if you are asking the question, you already know the answer. At Liberty, we recommend you choose our team of experts because we offer expert guidance, quotes from all the best carriers, claims support, and a host of other options that will maximize the performance of your business.

At Liberty, we believe walking to a new program, not running, is the best approach to fully understand what is ideal for your company. Self-funding/partial self-funding and captive insurance products can be beneficial for particular risk profiles. Our experts can analyze and evaluate your needs and goals to determine what the best options are for your business, providing services to place or build alternative insurance products.

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About Workers' Compensation

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