Value Proposition

• Uninterrupted, on-time delivery of services that encourage safety in the workplace and competition among workers compensation insurance companies.
• Provides the bridge or balance between the insurance regulators and the private sector (carriers, employers and workers)
  

Components of the Value Proposition:

• Data Collection - provides a one-stop source of information to be used for credible analysis of experience rating, ratemaking, and research for workplace safety.
• Ratemaking – provides statewide benchmarks for pricing workers compensation policies.
• Experience rating – creates an incentive for safe workplaces, tailors costs to individual employers, and provides a mechanism for carriers to be fairly compensated for assuming risk.
  
• Insurance for the uninsurable – provides a safety net or last resort for employers and workers who otherwise would not have workers compensation insurance protection.
  
• Rule interpretation and enforcement – provides consistency, clarity, and impartiality in the application of rules.
  
• Inspection – assures proper classification of employers so that business competitors are treated the same.
  
• Delivery of timely and accurate information – forms the basis for decision making by carriers and employers for issues related to workers compensation insurance.
  
• Dispute resolution – provides a first step, low-cost solution to resolving conflicts that arise between various parties