ISOnet Workers Compensation Product Information

ISO’s Workers Compensation Information Services offers a series of advanced solutions that focus on your needs for back office processing support, database and analytical services, injury and policy reporting services, as well as data conversion services. Individually, each comprehensive service lets insurance companies, self-insureds, and third-party administrators take full advantage of ISO’s capabilities to perform critical, but resource-intensive tasks on their behalf. Together, these innovative, cost-effective solutions provide an impressive range of workers compensation information reporting and data-management tools.

Proof of Coverage Service
Workers compensation insurers are required to submit Proof of Coverage reports to state industrial accident boards to verify that the businesses they insure maintain adequate workers compensation coverage for their employees. ISO’s Proof of Coverage service helps workers compensation insurers better manage these policy information reporting requirements. This service enables insurers to electronically submit proof of coverage reports to those state industrial accident boards that accept electronic submissions.

Although requirements vary by state, Proof of Coverage reports generally must be submitted when workers compensation policies are issued, renewed, modified, canceled or reinstated. Insurers that operate in states that allow electronic submissions, and who seek efficiencies and economies of scale by outsourcing data reporting functions, will benefit from this new ISOnet service.