Workers Compensation Webinar Series: Understanding Vocabulary and Mechanics of WC Retention Plans

In this presentation we’ll build on our last  topic, where we evaluated loss runs, and use the same case study insured as we review various renewal options we’ve been given and try to help the insured select the one that makes the most sense for them. In this presentation we will provide you with an explanation of the vocabulary and the mechanics used in typical retention plan formulas for WC, show you which factors in the formula are negotiable, and when or why you might want to use one over the other depending on how they impact the result, the dividend.  

Most importantly, we’ll talk about how valuable it is to show the insured how different options are impacted based on their actual loss experience, really using these retention programs as an incentive to get the insured on board when it comes to controlling their WC loss experience.  But you…