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LAORM

LAORM Loss Prevention program provides services such as audits, compliance reviews, facility walkthroughs, and more to reduce claims cost through a consultative approach. Gain insights on the CPH methodology, process, and top-performing agencies.

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LAORM

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  1. LAORM Loss Prevention Introduction

  2. Services FARA Provides: • Conduct Full Audits – every 3 years • Compliance Reviews – conducted in between Full Audit years • Facility Walkthroughs – annually • Building Appraisals – 4 year cycle • Assist in Inspections • Accident/Incident Investigations • Ongoing Consultations • Offer LP Coordinator Training

  3. Training: • Annual Training on LP Program • New and Existing LP Coordinators • Conducted on a quarterly basis across the state at the following predetermined regional sites: • February 2012 – Baton Rouge • April 2012 – Monroe • July 2012 – Thibodaux • October 2012 – Mandeville • An email containing an Eventbrite web link will be sent to all Agencies to register for a specific training class. • Also training can be offered within the quarterly intervals through live teleconference / webinar setting. • Next Step Defensive Driver Training • Forklift Training

  4. www.laorm.com

  5. Additional LP Information: www.laorm.com • Claims Reporting • Loss Analysis Info • LP Video Library • LP Training Resources • Contact Information

  6. LP Contact Information:

  7. LAORM Loss Prevention Targeted Risk Improvement Program

  8. Reduce claims cost through a consultative approach to Loss Prevention. • Target/Benchmark agencies by use of Cost Per Man-hour (CPH) methodology. • Refocus & enhance the agencies current efforts from a LP standpoint. Program Overview

  9. How is the CPH Calculated: • Total number of hours worked per year divided by the total claims cost for that year. • Avg. cost per employee’s hourly wage that goes towards WC claims cost.

  10. Calculate all agencies/locations CPH • Set a targeted benchmark • Formally invite agencies in writing that are above the benchmark to participate in the Program. (Not Mandatory) • LP Consultant conducts detailed loss analysis by Line of Coverage (i.e., Workers Comp, General Liability, Commercial Auto, etc.), accident type, occupation, location, etc. The Targeted Process:

  11. LP Consultant will meet with agency representative to review loss data, establish program goals to mitigate loss drivers, and review process protocol. • Work alongside agencies’ LP Coordinators to find solutions that meet the agencies’ needs and budget constraints. • Discuss & recommend tools available to the agency. • Monitor Results. Process, cont…

  12. Top Performing Agencies:

  13. 2010 WC claims cost the state 30.2¢ per man-hour worked • A reduction of just 1¢ per man-hour would save the state $1.9 million in claims cost in a year’s time. • A reduction rate of 1¢ per man-hour would result in a cumulative savings of $18.6 million in claims costover the next 4 years. • Maximum results can only be achieved through commitment, cooperation and support at all levels. Program Facts

  14. Questions & Answers

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