CSST Cost and Benefit Optimization
cSST Optimization ensures that you are getting the maximum possible benefits. Optimization is important because you do not want to overspend or underspend with regards to CSST claims. There are certain times it will pay for you to fight a claim, and other times where it will be less costly to let a claim go through uncontested. It is a delicate balancing act to practice, but ensures the greatest success for your business.
Contesting every single claim will result in overspending on legal and consulting fees and will not guarantee you a win every time, regardless. On the other hand, not contesting any CSST claims will result in significant overspending on CSST. The ideal approach is to take the course of action which is the most beneficial and least costly in each and every case. Every case requires a unique approach in order to ensure the best result. Some cases require contestation, others require mere follow-up, some cases require negotiation with the CSST and other cases require a combination of all of them. The idea is to develop an efficient approach to every CSST problem that helps you achieve your organizational objectives and maximize your success.
Optimization is important because you do not want to overspend or underspend with regards to CSST claims.
A few of the factors we always consider in helping you develop an optimized approach to your CSST are:
1.
The Employer’s Situation (number of Employees, organizational objectives of the Employer, what their CSST rate currently is etc.)
2.
The potential gains/costs to the Employer at stake
3.
The chances of success of a given course of action
4.
The alternatives available for an Employer
5.
The cost of a given course of action