This course will introduce the participant to the workers’ compensation law and the various types of coverage that is included, as well as a few things that are not covered under workers’ compensation. This overview will briefly discuss what is covered in the chapters. At the end of every chapter there is a quick review to go over what you learned.

Chapters 1-3

There are 12 chapters in all, so we’ll group them for ease of reading. Chapters 1 through 3 discuss the history of workers’ compensation law, employer liability, and policy endorsements. The first part talks about worker’s compensation law and what is covered, as well as what things are not covered. It also talks about who is required to have it, the company size, and the obligations of the employer.

The second chapter defines who is “the insured” and the limits of liability. It also defines coverage criteria, exemptions, and covered workplaces. The  third chapter discusses how the law applies to different industries and how they are affected.

Chapters 4 – 6

These chapters discuss insurance coverage under federal acts, an overview of the workers’ compensation marketplace, and rating worker’s compensation risks. Some things that are covered in this chapter are the Federal Employees Compensation Act (FECA) and the Federal Coal Mine Safety and Health Act of 1969. It will also discuss alternative types of insurance for individuals (self-insurance) as well as employer-based insurance. The last chapter deals with rating workers’ compensation risks based on various factors.

Chapter 7 – 9

Chapters 7 through 9 deal with cost-saving options for workers’ compensation, retrospective rating plans, and worker’s compensation deductible plans. This looks at the cost of worker’s compensation insurance and how a company can get the right coverage that benefits them and their workers. The focus on cost-savings details the different deductibles such as small deductibles, premium deductibles, and dividend plans. Retrospective rating plans look at incurred losses, basic premium, and covered losses as they apply to the topic.

Chapters 10 – 12

Chapters 10 – 12 deal with experience rating, employee leasing, workers’ compensation medical cost containment. This covers the options for solo ventures, joint partnerships, and ownership implications. There is also a section for leased employees, how you can lower your costs and where to look. The last chapter looks at managed care options and contracts with medical providers.

The last chapter looks at the fee schedule for employers, choice of provider, and managed care options.

This course will teach you all you need to know to become a Registered Workers’ Compensation Specialist. You will know all the ins and outs of the program, as well as the laws and regulations that support it. This training will allow an individual to gain the skills necessary to make a new career change, or move up in their current company.