Northern Safety Solutions Kinney Pike Insurance Loss Control Division
In an ever-changing professional liability environment, it is important to have a trusted team of professionals with a proven track record on your side. Managing risk effectively is critical to a successful business, and business leaders appreciate knowing their insurance agent is looking out for them.
Our Northern Safety Solutions professionals have the resources to better protect you and your business. As the only Best Practices Agency in Vermont, and Vermont’s only Assurex Global Partner, we are well positioned to offer access to a wide range of insurance products and services, as well as an experienced team of in-house risk management and loss control experts. Northern Safety Solutions’ Loss Control team helps clients minimize loss, protect their assets and make them better companies. Through targeted programs, Northern Safety Solutions offers a broad range of services and practical advice to support your company’s risk management needs, resulting in well-managed loss control programs. We work closely with our clients to review exposures and loss histories, identify important claims trends and risk areas, and develop the appropriate resources and tools to reduce the potential for loss. Our comprehensive Succeed Risk Management tool helps reduce risk, save time and promote employee safety by creating effective risk mitigation programs. Our Business Insurance Specialists meet each new challenge with expertise and industry intelligence. We examine issues from all angles and creatively address risk management issues, delivering clients access to the latest risk management tools in the industry. We are real people who know you, navigate and advocate on your behalf.
Succeed Risk Management Center
Exclusively for our Business Insurance clients, our Succeed Risk Management Center is a comprehensive risk management, employee safety and compliance platform you can utilize to protect your company at any time. In one easy location, you can easily manage your Certificates of Insurance, Safety Data Sheets, Incidents and Claims, and much more!
Update: October 2016 Succeed is implementing many new services on their platform to help improve tracking risk, compliance, and improving company safety. Users will now be able to update electronic 300A data forms which will fulfill new requirements. There will also be increased tracking and trending capabilities, creating data analytics graphs to represent risk trends in your company. Other new features and functionality in the platform update are listed below.
- Incident Track
- Employers will be able to import and export updates based on claim data and financial data. An easy to read and manage tracking system helps to identify repeated risk problems within a company so that the can be resolved.
- Document Direct
- This powerful tool allows employers to make an impact on losses by proactively driving resources based on Major Loss Sources, impending weather/seasonal issues, and industry characteristics.
- Audit Track
- Custom audits can be created to track trends and to create service plans outlining RMC elements that will be deployed in stages over the policy period.
Our Safety Services expert, Steven Myers, is an authoritative safety expert in General Industry, Construction, Municipal and Nursing/Assisted Living facilities, and provides custom training programs for all industries. Steve has extensive experience conducting investigations and inspections for the State of Vermont, along with broad experience in safety consulting with private businesses. His success in managing claims and knowledge of Vermont Workers Compensation laws has been recognized throughout the insurance industry. Steve strategically plans and implements loss prevention solutions, tailored to each client’s needs and goals. His services include risk evaluations, workshops, consultations and practical advice in key areas, such as:
- Employee and Supervisory Training
- Product Liability
- Vehicle Fleet Safety Management
- Safety Bulletins
- Quality Assessment Programs
- Training Resources
- Property Conservation
- Consultation Services
- Occupational Safety and Health Administration (OSHA) Compliance
- Risk Audits
- Employee Workshops/Seminars
Experience Modification Calculation Software:
What it is: An experience mod is a factor that is calculated for each employer who qualifies. The mod factor is a value that compares the claim profile of the employer to the claim profile that would be expected of an employer of similar size (payroll) in the same industry (class codes). A value of 1.00 is average, meaning the frequency and severity of actual losses equaled the expected losses. A mod factor greater than 1.00 means the employer experienced worse than expected losses during the rating period, and a mod of less than 1.00 indicates the employer’s losses were better than expected for the rating period.
How it’s used: An individual employer’s experience mod is calculated using claims data from the three most recently completed years. First, each claim’s incurred (paid, plus reserved) value is listed. Next, the frequency of claims is evaluated. Also, in some states only a percent of the ‘medical only’ claims are used in the formula, which puts more weight on frequency of claims than severity of claims. Finally, these adjusted claims are compared to the expected losses for the class and size of the organization, which ultimately determines the experience modification factor assigned to the individual employer. Credit mods (less than 1.00) reduce premium, while debit mods (greater than 1.00) result in a premium surcharge. This allows us to project your future modification rate in order to determine next year’s premium rates. With an experience modification rate projection done in advance, we can provide you with multiple options to reduce your premium prior to next year’s policy renewal. Due to the fact that claims affect your experience mod for three full years, understanding the cost of those claims and how they will affect your rates is important.
How we can help you lower your Mod score: Our risk management services can assist clients in order to create safer work environments which help reduce the associated costs of claims that affect their bottom line. Safer work settings have also been shown to boost employee morale and increase productivity further assisting with company growth and efficiency. A proactive risk management effort along with the resources we have available can significantly help you mitigate claims.
4 Key Elements
OSHA is issuing two standards to protect workers from exposure to respirable crystalline silica - one for construction, and the other for general industry and maritime - in order to allow employers to tailor solutions to the specific conditions in their workplaces. Read more
The U.S. Department of Labor's Occupational Safety and Health Administration has issued a final rule as of November 17th, 2016 updating its general industry Walking-Working Surfaces standards specific to slip, trip, and fall hazards. Read more
On January 2, 2018, the Occupational Safety and Health Administration (OSHA) issued it's first annual inflation adjustment that increases the civil penalty amounts the agency may impose on employers that violate workplace safety and health standards. Read more