ActuComp
can provide an independent audit of your workers’
compensation claims and experience.
With it you can:
- Demonstrate
good business and personnel management
- Resolve
or minimize claims problems before the sale
- Reduce
operating expenses, such as workers’ compensation
premiums, while negotiating
- Eliminate
surprises
- Ease
and speed the transition to the new owner
- Reduce
the possibility of post-sale litigation
- Assure
that the employees get the care they need without
excessive delays
- Provide
the buyer with a realistic picture of operating expenses.
If it’s an installment sale, realistic operating
expenses will help the buyer pay you more timely.
An
expensive problem: During the year(s) it takes
for the Ohio BWC
to complete the transfer from the seller to the succeeding
employer, notices of claim activities, such as requests
for additional compensation
and benefits, hearings & appeals, are sent to you
as the employer when the claim occurred. During the
sales process, do you want to spend time and money worrying
about expensive claims activities? ActuComp can guide
you through the necessary decisions. The buyer, whose
premiums will be affected by ongoing claims activities,
will not be notified and therefore cannot make those
claims management decisions. ActuComp will also work
with the right people at the BWC to speed the transfer
to the new owner.
*
highlighted terms may
be found on our Definitions
page
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