The Hanover Enhances Workers' Compensation Claim Services with Expanded Work Safe Program
Rhea-AI Summary
The Hanover Insurance Group (NYSE: THG) has expanded its Hanover Work Safe program, enhancing its workers' compensation claim services. The program now offers a personalized approach to worker safety, considering not only physical injuries but also psychological, social, and economic factors that may impact recovery and return to work.
The enhanced program uses data and predictive analytics to gain insights into factors affecting injured workers' treatment. Claims specialists proactively assess various aspects, including stress levels, health beliefs, and relationships, to structure a more holistic claims response. The approach includes administering surveys to both injured employees and employers at the time of injury, allowing for earlier identification of potential barriers to recovery.
Hanover Work Safe also provides resources for injury prevention and response planning, covering areas such as organizational safety management, employee training, and risk assessment. These integrated risk management and claims service offerings are available to all Hanover policyholders as part of the program.
Positive
- Expansion of Hanover Work Safe program enhances workers' compensation claim services
- Personalized approach to worker safety considering multiple factors beyond physical injuries
- Use of data and predictive analytics for better understanding of injured workers' needs
- Early identification of potential barriers to recovery through surveys
- Provision of comprehensive resources for injury prevention and response planning
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, THG gained 0.62%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The enhanced workers' compensation claims program leverages data and predictive analytics to help better understand the person as a whole and how The Hanover can best support recovery. It considers not only the physical impacts of the biological injury that occurs on the job, but also looks closely at psychological, social and economic factors that potentially creates barriers to recovery and return to work including stress levels, health beliefs and literacy, family relationships, employer and employee relationships, and social support.
"The Hanover's enhanced claims approach, which includes administering surveys to both injured employees and employers at the time of injury, sets us apart from other providers as we are able to identify all factors that may impact a claim earlier in the process," said Carmen Sharp, senior vice president of claims at The Hanover. "By considering not only physical injuries but also psychological, social, and economic factors, we take a unique and individualized approach to workers' compensation claims. Our data-driven model helps us better understand the injured individual, ensuring we can effectively support their specific recovery needs."
In addition to claims advocacy, Hanover Work Safe offers a wealth of resources to help prevent worker injury and proactively develop a response plan if an injury occurs. Information includes organizational safety management, employee selection and training, risk assessment and control, injury management, and continuous learning and improvement. Hanover policyholders have full access to these integrated risk management and claims service offerings as part of the program.
For more information about The Hanover's workers' compensation offering, please visit Hanover Work Safe.
About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in
CONTACTS:
Emily P. Trevallion
etrevallion@hanover.com
508-855-3263
Kyle Tildsley
ktildsley@hanover.com
508-855-3278
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SOURCE The Hanover Insurance Group, Inc.