Government Risk Briefing | Q3 2014
This briefing will be led by Bill Goddard, Principal and Director of Insurance Consulting, at Brown Smith Wallace. Bill Goddard carries the Chartered Property Casualty Underwriter (CPCU) designation and has 40 years of experience in the insurance industry having worked for a number of Fortune 500 companies as their Risk Manager.
During this session, Bill will provide an impartial perspective to help you evaluate your options during an insurance review and identify any gaps in coverage or areas where you may have insufficient coverage. Topics & Discussion Points during the presentation were picked based on "common" goals of municipalities in the St. Louis Metro.
Workers Compensation & Safety Programs
- Controlling expense, reducing the number of claims, controlling the cost of the claims that occur
- Set goals - number of claim TY/LY - realistic stretch goals; MEASURE your progress - frequently
- Get the measurement tool to someone who matters/cares - highest level you can
- Hold safety meetings EVERY month, take attendance, get minutes of the meetings centrally
- Claims will happen; report claims immediately - measure your reporting results
- Make sure the injured worker gets a call from his/her supervisor within 24 hours of the incident
- Review accident with the department head - what happened - how can we prevent the next one
- Review each claim at the safety meetings; why do your injured employees get lawyers? - study it
- Get names of adjusters who handle your claims; visit them - meet them and let them know your goals
- Identify what is important in their performance
- Measure it and report it back to them - they want to do a good job - you need to define what is a good job
- Who did your TPA hire to control your cost? Are they the best?
- What exactly do they do for you and how do they get paid? Is it just a "discount" or are they managing the expense?
- Who is "our doctor"? Have you met him/her?
- Has "our doctor" been to any of your locations?
1 CPE Credit Available for Participating in this Event
"In accordance with the AICPA/NASBA Statement on Standards for Continuing Professional Education (CPE) Programs and the Missouri State Board of Accountancy, CPE credits have been granted based on a 50-minute hour. Only Missouri licensed CPA's are eligible for these credits."