CompWorks is Argo's proprietary system for administering the most cost-effective Worker's Compensation program.
It shifts attention from financing—to hiring techniques, safety training, audit reviews, claims management, and experience modification modeling—for lower overall workers' compensation costs.
We advocate "best practices" that will help your company level the cyclical effects of Workers' Compensation rates through ongoing management and mitigation of workers' compensation claims and their resulting costs.
Workers' Compensation:
- Core Offerings
- Guaranteed Cost Insurance Policies
- Deductible and SIR Programs
- Retrospective Rating Plans
- Risk Retention Groups
- Risk Purchasing Groups
- Captive Insurance Programs
- Self-Insurance Consulting
- Collective Bargained Work Comp Carve Out Programs (ADR)
- Loss Portfolio Transfer
Here's How CompWorks Increases Productivity And Reduces Costs
Problem: Nationally, 80% of workers' compensation audits are incorrect.
Solution: CompWorks' "Audit Package" streamlines audits and improves their accuracy.
Problem: Nationally, 50% of experience modification calculations are incorrect.
Solution: CompWorks verifies accuracy and uses predictive modeling to anticipate future expenses.
Problem: Delays in reporting injuries increases workers' compensation costs.
Solution: Time is money, and CompWorks will help you accelerate claims reporting procedures.
Problem: Injury problems often begin at the date-of-hire, not the date-of-claim.
Solution: CompWorks helps to ensure that hiring practices and pre-employment assessments comply with current State and Federal regulations.
