How Can I Tell If The Workers Compensation Reserves On A File Are Correct?

 I have posted on this subject previously.  As it is a very popular question that we receive, I will cover the subject again.  The steps to finding out are: 

1. Obtaining online access or Workers Compensation loss runs
2. Understanding which claims will affect your NCCI or State Rating Bureau Experience Mod (E-Mod/X-Mod) 
3. Understanding which claims will be examined when an insurance company provides a quote   
4. Understanding how your claims affect your insurance premiums
5. Examining and understanding what the three factors of a reserve are and which ones can be analyzed
6. Understanding the difference between a Workers Comp claim review, reserve review, and premium audit

I will cover these in groups of three over the next two posts.  Quite a few of these topics have been covered in prior posts. Feel free to use the Search box to find my prior posts on this topic.  The steps for self-insureds/large deductibles are different.  We will cover those in later posts.