P2 Group recently supported 3 clients with the management of their complex WorkCover stress claims.

The clients are a mix of blue and white collar employers who are each insured with different WorkCover Agents.

The employers follow the P2 Group Injury Management and Prevention Management Processes and are blocking approximately $600,000 each in claims costs.  Many stress cases end up being capped at $276,500 and remain that way for 3 years totaling $802,500 - so $600,000 is a reasonable estimate of the claims costs that our clients have blocked.

Stress is now Australia’s second most costly form of compensable illness, and recent surveys are finding that 1 in 10 workers use their sick leave for preventative stress days. More than 6.2 million stress leave days are taken annually in Australia. The P2 Group methodology provides our clients with the tools needed to identify and control these cases early.

The same processes and principles apply to both physical and psychosocial conditions, with the same positive outcomes.

Background

The claims costs for stress cases can be over $200,000 and impact on your WorkCover premium for 3 years totaling approximately $600,000.

The statistical case estimate costs of the 3 cases P2 Group recently supported are well below industry average and confirm our processes and results are industry best. The initial estimate costs calculated by the Victorian WorkCover Authority on the 3 stress cases:

• Case 1   $ 13,500
• Case 2   $ 11,700
• Case 3   $   2,000

These estimates are well below $200,000 and will block in total approximately $1.8M in claims costs.

Click here to contact a P2 Group consultant for further information.