Six Tips To Reduce Your Workers’ Comp Premiums

I came across an article that I thought offered some good tips. Some of these you are probably already doing but here they are.

1. Establish an accident-prevention program. There are actually free workshops and consultations with safety and health specialists who will actually design the programs for you. Visit www.osha.gov/dcsp for a list.

2. Investigate all accidents (what caused the accident and keep your records) not just the ones that result in claims.

3. Report accidents promptly. Sometimes injured employees do not want to get treatment and then months later they change their minds. They are probably trying to avoid a drug test at the time of the accident. Have a policy in place that states employees will be sent to the clinic if there is a work-related accident to receive treatment and to be tested for drugs. Let them know that a refusal to be tested will be grounds for immediate termination.

4. Stay in touch with employees and their doctors (as best you can) to follow their recovery.

5. Use return-to-work/light-duty programs.

6. Know your insurance system. Find out if you have the LOWEST classification for your type of business. The classification should be based on your principal line of business, not a particularly hazardous job.

Hope it helps!