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A Workbook for Injured Workers in New Mexico Form

A Workbook for Injured Workers in New Mexico Form

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hi this is gary hanson with professional insurance strategies we're a full service insurance agency here in phoenix arizona predominantly we do a lot of workers compensation policies and because of that today i want to talk about the actual way to report a worker's compensation claim and the impact of waiting on reporting that claim so can you afford to report a work-related injury late there was a study that we used that analyzed over 100 000 lost time claims for workers comp the results are staggering and we'll kind of go over those results real quickly if you waited four to seven days to report a claim basically the increase in that average claim cost would increase three percent by waiting eight to fourteen days you're going to see an increase in that claim of over 6 15 to 21 days 15 22 to 28 days could increase the claim 26 percent waiting 29 plus days which seems like it could be impossible to wait 29 days but you'll have employees that wil

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