USA
Workers Compensation Insurance: How to Cap Costly Premiums
How can you control your own workers compensation bills?
Nothing is better than improving safety. Premiums go up most quickly for employers who experience many claims. A workplace of people who get back injuries drives costs up more than a single expensive car accident.
Watch for dangerous conditions wherever employees are operating machinery or driving vehicles. Also, be vigilant about areas where people move from one level to another. Here are some other safety tips:
- Teach employees safe lifting techniques and provide them with back braces.
- Install sufficient lighting in all areas.
- Make sure the plumbing is working well so people do not slip on water.
- Make sure employees take appropriate work breaks.
Report injuries as soon as they occur – delay can increase medical costs. Early reporting also increases the chances of uncovering fraud, because evidence is easiest to gather immediately following an accident. Also, make a smart choice in your carrier. Find one who will do reviews to improve workplace safety and also investigate claims for fraud.
Reducing risk and facilitating a speedy return to work is in everyone’s best interest. Workers return to full pay and employers help keep workers compensation insurance prices down.