However, safety is more than just a zero-injury workplace, it includes prevention methods. Below are some things you can do to prevent workplace injuries to save on your workers’ compensation costs:
Implement a safety program:
This may seem obvious, but it’s important. When employees are properly trained, they are more efficient, confident, and conscious when performing their job. This reduces the risk for injuries. Documenting the safety programs and updates also shows insurance carriers you take safety seriously. Implementing additional safety programs like annual training and updates to safety protocols can also work to reduce injury.
Support a substance-free workplace:
Employees who use drugs or alcohol while working put themselves and others at risk for injury. By encouraging and enforcing a substance-free workplace, employees are less likely to perform job responsibilities under the influence, reducing injuries. Supporting a substance-free workplace can also look like implementing a pre-employment drug test or random drug testing.
Ensure proper job classifications:
Making sure job descriptions are clearly defined and that employees stay within their roles are simple ways to reduce injury risks. If an employee performs a task outside their assigned role that they are not properly trained to do could get them hurt and result in a hurtful claim. In addition, there are different costs associated with different classifications. It’s recommended to also review your employee roles every so often to ensure they’re up-to-date.
Shopping around for better rates:
It seems obvious, but shopping around for better rates will help reduce workers compensation costs. Talking with an insurance agent will ensure you have the right amount of coverage at the right cost.
Insurance agent visits:
Having an insurance agent visit your business can be beneficial. These professionals can spot areas of risk you may have missed while providing solutions.
Having workers’ compensation is necessary for your business, but there are ways to reduce the cost. If you’re in need of workers’ compensation, talk with an Insurance Network Agency team member for more insight.
