WORKERS' COMPENSATION TRAINING
As the legal and financial issues surrounding employee injuries continue to evolve, the Registered Workers' Compensation Specialist® (RWCS) designation will help individuals to understand the insurance policy that protects their workforce.
From risk managers to human resource professionals, everyone becomes a stakeholder in this important area affecting business today. Even municipal employees who administer workers' compensation in their states are finding a need for increased knowledge regarding employee safety and on-the-job injuries. Whether analyzing the modification factors or trying to reduce premiums, individuals must have the workers' compensation training to adequately deal with issues as they arise.
From risk managers to human resource professionals, everyone becomes a stakeholder in this important area affecting business today. Even municipal employees who administer workers' compensation in their states are finding a need for increased knowledge regarding employee safety and on-the-job injuries. Whether analyzing the modification factors or trying to reduce premiums, individuals must have the workers' compensation training to adequately deal with issues as they arise.
Attorneys must understand the legal issues associated with workers’ compensation and how the policy works. The RWCS workers’ compensation certification provides a general overview of workers’ compensation, including such areas as how premiums and modification factors are calculated, how managed care has affected the industry and how PEO’s operate with regards to workers’ compensation.
Many small to mid-sized organizations cannot afford to hire a full-time employee specifically devoted to workers’ compensation issues. Even large companies will seek the assistance of those individuals who have earned the RWCS workers’ compensation designation for specialized support.
It is common for many larger companies to have human resource and workers’ compensation issues to be concerned with. The RWCS workers’ compensation designation will help prepare company lawyers regarding this important area of risk management.
Many colleges and universities, as well as corporate trainers are teaching their business management and human resource majors and staff about workers’ compensation. While some textbooks may gloss over the subject, the RWCS professional certification will provide them with a more detailed and practical background from which to instruct others and of course, provide them with a valuable designation upon graduation.
If organizations are to effectively respond to Workers’ Compensation concerns, leadership must have a foundational knowledge of the subject. The RWCS professional certification will offer that base of education they are looking for.
Government employees are tasked with the responsibility to manage and regulate workers’ compensation within their jurisdiction especially at the state level. The RWCS workers’ compensation certification is the perfect training program for employees who need to know the facts and enable them to provide accurate advice to regulators and elected officials.
Human resource personnel are tasked with the responsibility to evaluate potential candidates for positions within organizations, hire qualified applicants and often develop company policies dealing with workers’ compensation concerns. The RWCS workers’ compensation designation provides an effective background enabling HR administrators to make informed decisions.
Insurance actuaries determine the financial risks associated with various exposures. As new policy provisions are adopted by insurance carriers, actuaries will need to calculate appropriate premiums for the increased coverage. Certainly the RWCS workers’ compensation designation will help prepare them to know more about the potential impact of any changes to present policy language.
Insurance agents and brokers must know the risks, covered exposures and exclusions from the policies they sell. Their clients look to them for purchasing advice. The RWCS workers’ compensation certification will give producers a standard by which to understand the workers’ compensation coverages for business enterprises.
Much like actuaries need to know the financial risks involved with workers’ compensation, so too insurance underwriters should have a base of understanding that will help them categorize specific risks of commercial applicants. The RWCS workers’ compensation certification will offer underwriters a general set of criteria from which to judge individual risks.
Workers' compensation is an area of risk that a company must work to control injury and cost. All employers can seek to reduce claims and lower premiums by keeping their employees safe, knowing how the insurance workers' compensation insurance policy operates, classifying employees in the correct class codes and other important tasks. The RWCS workers' compensation training certification program will give risk managers the basic education they need to help the company do just that.