My daughter introduced me to Robert Fulghum, who published a collection of essays in the late 80s that topped the charts of every bestseller list. His list catapulted him to fame, inspired countless parodies, and distinguished itself as a staple on bookshelves across the world.
Even if you don’t recognize his name, you’re probably familiar with the words he made so recognizable: All I Really Need to Know I Learned in Kindergarten.
If you recall, I always start with WHY. So why do I reference Fulghum? Because my favorite oldest daughter loved the book and she reminded me of her personal trials and tribulations of attending kindergarten?
As a parent you are freaked out because it is the first step in your child’s declaration of independence and you have no control over the 4th through 6th graders who teach them swear words. As for your kid, they try to be so cool by not looking back at you, knowing full well that they are praying that they don’t trip over the steps onto the bus.
It only gets worse to think that while waiving goodbye to your daughter, the bus driver actually believes in the phrase “I got this.”
What does this have to do with Aclaimaint let alone the ability to purchase insurance?
BECAUSE EVEN A KINDERGARTNER KNOWS IT MAKES SENSE TO TRANSFER THE ECONOMIC RISK TO A 3RD PARTY IF THE PRICE IS RIGHT.
The caveat is that an insurance policy is a contractual promise to pay with a set of terms and conditions. A policyholder needs to know their rights when it comes to having a voice before, during and after an incident is reported.
Fulghum provided a forum to express his version of uncommon thoughts on common things, so it is uncommon to think that would I emphasize a policyholder’s need to “reclaim their rights” regarding the incident reporting process.
Our experience to date is that for the unprepared, incident reporting issues can be both confusing and costly.
The Lee Strasberg Method™ trains actors to use their imagination, senses and emotions to conceive of characters with unique and original behavior, creating performances grounded in the human truth of the moment.
The Strasberg method relates to what Aclaimant is while Fulgham’s story exemplifies the simplicity of how it works in kindergarten world.
ACLAIMANT IS A TOOL OF ENGAGEMENT FOR EMPLOYERS TO USE THEIR IMAGINATION TO CONTINUALLY IMPROVE THE PERSONAL AND PROFESSIONAL GROWTH OF ANY GIVEN EMPLOYEE.
As an example, management controls and active involvement in the Work comp process can effectively influence related costs. To do so you will have to establish a number of your own processes that guide decision making throughout your organization.
Areas requiring incident reporting can be divided into three main categories.
1. Workplace Safety
o Reducing claims reduces costs. Establishing a safety-minded culture throughout every level of your company is essential to keeping workers injury free.
o Developing comprehensive safety policies for employees builds a firm foundation for a currency of trust. Such policies also encourage OSHA compliance; further improving your safety efforts while helping you avoid costly fines.
2. Risk Mitigation
o Unfortunately, even with all the right programs in place, stuff happens and a work related injury, accident or illness is your opportunity to become an advocate or an adversary.
The ability to respond in real time can greatly influence the life cycle and escalation level of a claim. Prompt claim reporting is essential to keeping costs down.
It is also important to identify relevant parities in the information supply chain and designate someone who can supervise open claims and coordinate a return to health and return to work schedule that facilitates a timely recovery.
3. Managing Your Behavioral Mod
o Insurers use what is known as an experience modification factor, or mod, to calculate the premiums you pay for workers’ compensation coverage. By managing your exposures and promoting safety it is possible to manage your mod and decrease your premium rates.
o Aclaimant uses a different approach to managing the Mod. Aclaimant uses a “behavioral mod” approach that emphasizes why every organization has a legal, moral and fiduciary obligation to provide a safe and secure work environment. Aclaimant is a tool of engagement that allows employers to align the interests of:
I look forward to the next blog and feel free to contact me at Michael@aclaimant.com