6 Common Signs of Workers’ Comp Fraud
Fraud is one of the biggest cost drivers to the Workers’ Compensation system implemented in most states. This is especially true in California, which ranks number 3 in the nation in terms of highest national rates. While there are no official statistics on the amount of fraudulent claims in the system, some insurance companies put the percentage between
thirty to forty percent of all claims reported. This number is even higher if you take into account legitimate injuries that have been exaggerated or misrepresented by claimants. One of the best things a business can do to manage their Experience Modification (X-Mod) and their insurance premiums is to avoid fraudulent claims, and aggressively fight them when they do happen. The article below discusses six common signs of Workers’ Comp fraud.
