Manage Your Workers’ Comp Costs
Regardless of the industry you’re in, the best way to control the cost of workers’ compensation insurance premiums is to avoid injury claims. A safe environment, effective safety training, ongoing programs to promote safe work habits are essential to preventing employee injury and illness. While you may not be able to escape workers’ compensation costs, there are some ways you can curb high expenses.
Make Safety a First Priority
By maintaining a safe workplace, you can help reduce worker injuries. If possible, budget for a safety evaluation from a professional and implement any changes they advise. Mandate employee safety training, too.
When an employee suffers an injury on the job, complete an accident report with as much detail as possible. Take photos of the scene, talk to potential witnesses, and report it to the insurance company as soon as possible. A drug test should be required of the employee. Although a positive drug test will not allow you to deny a claim in most states, it will certainly help.
Establish a Return-to-Work Program
A return-to-work program can help retain valuable workers while reducing the cost of workers’ compensation claims. This program is designed to get injured workers back into their role as soon as they are medically able.