Category Archives: Company

Where is Workers’ Compensation Headed Within the Next Few Years?

Synergy Coverage Solutions has been involved in the workers’ compensation industry for nearly a decade.  Committed to innovative solutions, we are constantly looking at industry trends to stay ahead of the curve.  One thing we have noticed throughout the past few years is the importance of health and wellness among a business’ employees.  Hiring employees who are fit for duty makes sense, as it ensures your potential employee can perform their daily job functions without high risk to injury.

In the past, our company has focused on implementing proactive Loss Prevention programs.  This is still a large focus of ours, but we have also realized a shift in the importance of employee health and wellness.  Companies with an effective wellness culture can show cost savings in retention, recruitment, reputation, and employee engagement.  Additionally, a 2007 Duke University study involving 11,700 individuals tied increased workers’ compensation claims costs as an individual’s body mass index, or BMI, increased.  Comparing medical claims costs per 100 workers, an individual with a normal BMI had an average cost of $7500, whereas an individual with an overweight BMI had an average cost of $13,300.  These costs increased for each level – $19,000 for mildly obese, $23,300 for moderately obese, and $51,000 for severely obese BMI classifications.

As more companies are investing in long-term solutions to improve employee health and wellness, the most important aspect is to have an effective wellness program – one that is enjoyable and challenges your employees to live a healthier lifestyle, without disengaging interest throughout the year.

Synergy Coverage Solutions Launches New Website

Synergy Coverage Solutions is excited to launch our newly designed website!  Our revamped website will contain all of the helpful information and tools that were available on our original site, with an improved look and feel.  We have designed our new website with both our agents and policyholders in mind, with the ability to login and access your accounts as you typically would.  Additionally, we have updated the website with more detailed information to help you better understand how we can assist with your unique situation, as well as case studies and even a blog to help you stay up-to-date with Synergy news!

We hope you will take some time to browse our new website and let us know what you think, as we’re pretty excited about the revamp ourselves!  As always, Synergy Coverage Solutions is dedicated to providing our agents and policyholders with quality customer service and delivering a more proactive approach to help businesses drive costs down in the long-run.