Controlling Workers Compensation Costs for Employers

Wednesday, February 21st 2018

Last updateSun, 16 Oct 2016 2am

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Term Definition
Insurance Company of the West – most often referred to as "ICW"
Incurred Costs

All costs of a claim – both current and future. This figure is a combination of paid costs and reserves against future costs.


Indemnity – an injury that causes the injured worker to lose time from work. In order to be classified as an Indemnity claim, the injured worker must receive Temporary Total Disability (TTD) or Permanent Disability (PD) payments.

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