Return on Investment
If you are wondering about the cost versus benefit of implementing a KOS (Kept-on-Salary) policy in your business we can help you. The FIRM LLC can help forecast the expected impact of KOS policies on your company’s experience modification factor and resulting insurance premiums costs.
Keeping a disabled worker on salary can be an effective way to save on insurance costs, but it’s not always a strategy that pays off financially for the company. Sometimes the lowered insurance cost is less than the salaries paid to disabled workers. There are still other situations when it may make pay off to keep disabled workers on salary for relatively short periods of time, but not longer periods.
Determining whether or not it makes sense to keep workers on salary and if so, how long, is a calculation that depends on a number of factors including your companies risk classification(s), experience modification factor, and open claims status to name a few.
Return on investment calculations can also be used to analyze the expected financial impact of modified duty return-to-work strategies. Safety and health equipment and supply purchases can be studied similarly.
Contact The FIRM LLC
When you need help, contact The FIRM LLC for consultation session. Our staff is prepared to assist you and we will gladly meet with you at your convenience. Call us, FAX us, or email us.
- Phone: 206-300-8575
- FAX: 206-283-3154