Keep your workers’ compensation rates low by staying ahead of the trends.
Workers’ compensation is essential for every business, large and small. While it does work to keep your business and team safe, there continue to be major concerns for employers, while some industries have more claims than others.
As the New Year, 2017, starts anew, businesses have plenty of opportunities to assist businesses in finding ways to keep workers compensation premiums in check by staying ahead of the trends. Read on for the top workers’ compensation trends to keep an eye on in the New Year!
Premiums Rise
While there continues to be a high number of claims, the premiums continue to climb. Workers’ compensation premiums are skyrocketing currently, especially for companies with high risk, for example, those with more than 100 employees, labor-based services, and those that use specialist machinery. If your business is targeted as being one at high risk, talk to your insurance agent about ways to stay safe and lower the cost of claims.
Culture of Quick Recovery
The good news is that the philosophy of getting employees back into the workplace as soon as possible is crucial to holding down high-cost workers’ compensation claims. When employers stay in touch with employees, the injured are more likely to come back to work quickly. Those injured employees who are stuck at home have a higher risk of depression, re-injury, or turning to legal action against an employer. Staying in touch is a worthwhile investment in getting the employee back to work.
Technology at Work
New innovative programs are helping employees get quick, convenient care, which may prevent more serious problems down the road. For example, telemedicine is growing, especially for clients who have a workforce that works inconvenient hours access a telemedicine doctor is a great way to make sure their needs are being met immediately. Such technology can also help get employees back to work quickly!
Does your company have the needed insurance to protect your employees and finances? Visit Nahai Insurance Services for your quality coverage today.
