Risk administration is part of managing workers' comp claims. In addition to the standard workers' comp fields, you can track legal expenses.
To access the claim financial form:
- Go to WC Claims.
The WC Claims list is displayed. - Open a claim.
The Comp Claim form opens. - In the Action Center, select Claim Financials.
The Comp Claim Financial form opens.
- The following legal fields are part of the Claim Financials form:
- Paid Total = PaidIndemnity+PaidMedical+PaidExpense+PaidLegal
- Reserved Total = ReservedIndemnity+ReservedMedical+ReservedExpense+ReservedLegal
- Incurred Indemnity = PaidIndemnity+ReservedIndemnity
- Incurred Medical = PaidMedical+ReservedMedical
- Incurred Expense = PaidExpense+ReservedExpense
- Incurred Legal = PaidLegal+ReservedLegal
- Incurred Total = IncurredIndemnity+IncurredMedical+IncurredExpense+IncurredLegal
- Total This Claim = IncurredTotal-SubrogatedAmount