Workers compensation can be a big expense in your business’s budget. This is why it is important to ensure your business has the appropriate safety measures in place, which can reduce the amount you spend on premiums.

Tip #1: Get injured employees back to work as soon as possible. The faster you can get an injured worker back to work, the lower your costs. This is where modified duty can play an important part during this process, meaning that if your employee can return and either be assigned to a different area or with modifications to their job duties, they can get back to work quickly.

Tip #2: Double check your employee classifications. If even one worker is misclassified, it can increase your premiums. This is why it is important to track projects and employees carefully, ensuring they are classified correctly.

Tip #3: Choose to pay a deductible. Varying in different states, employers who pay a deductible on workers compensation can reduce their premiums by as much as 25%. Be sure to contact your insurance agent to see if your company can benefit from paying a deductible.

Tip #4: Ensure you are putting safety first. Effective and appropraite safety procedures will keep your workers compensation costs lower. The fewer accidents and injuries, the better the premiums. Be sure you are using the appropriate safety equipment, hold proper trainings for your employees, especially when it comes to proper lifting techniques and other procedures necessary for your business, as well as perform regular inspections, checking for safety hazards.

Tip #5: Take every injury seriously. If an employee is injured on the job, be sure that you take it seriously and respond with medical attention. Be sure to file all the necessary paperwork completely and quickly, preventing any delays, which can cause further injuries, lawsuits, and fines.

Ensure your business it taking the necessary steps to ensure your workers are safe and healthy. For help and more information on a workers compensation plan for your business, contact Brazelton Insurance Group today.