Dublin, OH – CareWorks Consultants today announced projected premium refunds of $48 Million for employer participants in their workers’ compensation Group Retrospective Rating programs, representing an average of $28,000 per employer.
This outstanding performance has spurred a more than 3,000 percent increase in the number of employers participating in a CareWorks Consultants Group Retrospective Rating plan since these programs were introduced in 2009. CareWorks Consultants’ most recent group filing included nearly 1,200 Ohio employers.
“Our unmatched results are driven by our unique ability to utilize the breadth of resources available within the CareWorks Family of Companies to proactively help our clients prevent injuries and control costs,” said Andre’ Bradley, Vice President of Program Sales & Service. “The coordination of resources, combined with extensive underwriting, performance analysis capabilities and a commitment to exceed customer expectations help us maximize the benefits of the program for all participants,” he added.
CareWorks Consultants’ industry-leading risk analysis, loss prevention and claims management are backed by and enterprise wide commitment to customer service. The
current projection for 3-year premium refunds in CareWorks Consultants’ managed programs ranges from 33 percent to 70 percent. The average 3-year premium refund per participant is projected at more than $28,000.
CareWorks Consultants is beginning to evaluate Ohio employers for the July 1, 2013, program. Employers interested in a free evaluation can contact CareWorks Consultants at 1-800-837-3200 or visit www.careworksconsultants.com.
Source: CareWorks Consultants Inc.