Tracking Losses - Fifty-percent of what can be done to motivate a business owner, CFO or risk manager to work with insurance professionals to manage losses is to provide easy to understand savings solutions tied to premium and productivity benefits.

Smart-Comp gives clients and insurance professionals the motivation to provide meaningful comp service. Since informed clients make the best cost management decisions and enjoy faster growth rates, insurance professionals who take the time to use Smart-Comp gain increased client loyalty, generate referrals and enjoy greater revenues than their peers.

First Aid Claims, Deductibles - About 80% of all comp losses are Frequency losses for which clients bear the ultimate responsibility (they can repay a carrier 3 to 5 times over for these losses for premiums and up to 4-16 times actual amounts in hidden costs.). Tracking and itemizing savings from First Aid and Net Deductible Plans on an on ongoing basis (like savings at a grocery checkout stand) gives clients a real motivation to control losses and a strong appreciation for the comp service you provide.

Lowering Reserves - Chances are you spend a great deal of time monitoring and working to lower client claims reserves. Smart-Comp is a powerful tool to demonstrate just how many future premium and productivity dollars you saved clients per claim, annually or over an entire rating period.

Loss Tracking reports should contain sorts and summaries that are truly revealing. Here are some of the many loss trending reports and charts you can automatically generate with Smart-Comp software.

• Mod Points, 1 & 3 Year Premiums, Bottom Line Costs, Productivity Costs.
• Type of Loss (Med Only, Frequency, Severity, Shock Loss)
• Losses by Year, Open Case reserves, Class Code
• Part of Body, Nature of Injury, Cause of Accident l Department, Profit Center, Location, Job Site and Supervisor
• Shift, Time, Month, Quarter or Day of Week
• Gender, Repeater, Rehabilitation, Subrogation