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Neer Claim Cost Calculator

CAD-7 Claim Cost Calculator

 

 

Know the cost impact to effectively manage
your workplace injury claims

Workplace Safety and Insurance Board of Ontario (WSIB)
Neer and CAD-7 Claim Cost Impact Calculator
for employers and consultants.

NO ONE can thoroughly manage a lost time claim without knowing the financial impact on the firm!

The NEER and CAD-7 Claim Cost Impact Calculator programs were developed to help claims management people in estimating the experience rating costs of workplace injuries.

It is critically important that management understand not only the actual cost of workplace injuries. It is equally important to know the projected future cost of WSIB claims.

Our Programs are efficient and user friendly. Most particularly, you will be able to calculate and appreciate the financial impact of a specific claim. The NEER and CAD-7 programs will produce realistic cost results which in the past only few could determine.

No more complicated and overwhelming number crunching calculations. You will soon be able to perform calculations simply and quickly. The NEER and CAD-7 both provide a comprehensive Help feature, assistance is always just a click away.

The main focus of our NEER and CAD-7 calculator is to estimate future cost impact of workplace injuries. Once the cost impact is known, you will then be able to analyse the situation, look at all possible options, and make the best decision rather than just administrating a paper trail.

YES! The NEER and CAD-7 Claim Cost Impact Calculator Programs are essential tools to assist in getting your human resources back on track through effective and realistic claim management.

Furthermore, the programs will display your Firm Manageable Cost Center based on the calculation cost impact of a specific claim such as:

  • Total Rebate and/or Surcharge
  • Maximum Potential Rebate
  • Maximum Potential Surcharge
  • Potential Savings Lost
  • Firm's Manageable Cost

You will also appreciate the following specifics:

  • How much will this claim cost the company?
  • Could this claim reach the maximum claim cost limit? If so, when?
  • What would be the outcome of a cost relief and/or labour market re-entry?
  • Will the firm be assessed a rebate or a surcharge?
  • What is the worst possible cost scenario?
  • What is the best possible scenario?
  • What is the firm's manageable (variable) costs?
  • Can the financial impact of a claim be reduced? If so, how?
  • How much will the claim cost if we offer modified duties?

To download a trial version or acquire further information on the NEER or CAD-7 calculator, simply click on the appropriate link located at the top of this page.

Our software programs are updated whenever the WSIB makes available the factors that influence the ratings. This is usually done between August and November of each year.

 

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