Lonnie L. Spikes Jr., PHR Lonnie L. Spikes Jr., PHR DOL L&I Claims Administrator DOL L&I Claims Administrator 360.664.1394 360.664.1394 [email protected][email protected]Revised: 03/26/2008 HERO! (OR HOW WE CAN SAVE THE AGENCY THOUSANDS IN L&I PREMIUMS)
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Lonnie L. Spikes Jr., PHR DOL L&I Claims Administrator [email protected] Revised: 03/26/2008 HERO! (OR HOW WE CAN SAVE THE AGENCY THOUSANDS.
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Lonnie L. Spikes Jr., PHRLonnie L. Spikes Jr., PHR
• What are the primary elements determining how What are the primary elements determining how much DOL will pay for Industrial Insurance much DOL will pay for Industrial Insurance Premiums?Premiums?
• Do all state agencies and their employees pay Do all state agencies and their employees pay the same amount of premiums?the same amount of premiums?
• What type of injuries results in the most claims What type of injuries results in the most claims for DOL?for DOL?
• What can we do?What can we do?
• How and when do we measure success?How and when do we measure success?
HOW AND WHEN DO WE MEASURE HOW AND WHEN DO WE MEASURE SUCCESS?SUCCESS?
•We will have an estimated experience rating for year We will have an estimated experience rating for year 2009. 2009. •We can compare current rate (2008) against future rates We can compare current rate (2008) against future rates (2009). (2009). •We will be able to tell if we saved the agency and its We will be able to tell if we saved the agency and its employees money for 2009. employees money for 2009.
. If past accident costs are low…we would expect future costs to be low. Hence charging lower premium rates. Past predicts the future…….
• Remember, Experience rating provides an
economic incentive to prevent accidents.
PURPOSE OF EXPERIENCE PURPOSE OF EXPERIENCE FACTORFACTOR
How and when will our How and when will our efforts be judged?efforts be judged?
• We monitor accident data by division, location and We monitor accident data by division, location and type of injuries. type of injuries.
• Follow-up on data by month, quarter, yearFollow-up on data by month, quarter, year• Train employees on hazard identification. Train employees on hazard identification. • By By March 15March 15thth , we will have a premium figure for , we will have a premium figure for
11stst QTR 2009. QTR 2009. • We compare 1We compare 1stst QTR 2009 against 1 QTR 2009 against 1stst QTR 2008. QTR 2008. • We will be able to tell if we are on the road to We will be able to tell if we are on the road to
recovery.recovery.
NOW WHAT?
we can be…
HEROES!!
All of us are involved in saving the agency and
its employees money!
For a more in-depth presentation:
Lonnie L. Spikes Jr., PHRLonnie L. Spikes Jr., PHR DOL L&I Claims Administrator DOL L&I Claims Administrator 360.664.1394360.664.1394 [email protected]@dol.wa.gov