Lower Workers Compensation Insurance With a Company Safety Program

"body">documents for employees. A visible record of days
Your workers' compensation insurance costs are tiedsince last accident is another way to lower workers'
to your company's risk. The more risk of insurancecompensation insurance by encouraging employees to
claims, the higher premiums you can expect to pay.keep the number going by avoiding possible accidents.
Creating a company safety program is a proactive- Conduct monthly safety meetings. To help ensure
way to lower workers' compensation insurance bycompliance, request employees sign a form after
reducing your risk of claims.attending or when presented safety policy
Company Safety Program Suggestionsdocuments. Safety meetings can be a great
- Delegate a safety coordinator or team to create aopportunity for employees to become more involved
program with training to prevent accidents andwith workplace safety improvement.
injuries from occurring- as well as how to handleDesigning a company safety program and giving your
them when they happen. A company safety programemployees a copy of the policy documents is not
will lower workers' compensation insurance claimsenough. Enforcing your safety program rules and
when employees are educated about potential safetyrequiring complete adherence is an imperative step to
risks and adhere to safety policies.lower risk and ensure lower workers' compensation
- Outline procedures for the proper use andinsurance claims.
maintenance of machinery/ tools with lock-outIf your business does not have the resources or
procedures for any that may need to becomeexpertise for a company safety program, there is an
immediately unusable.affordable solution. An employee leasing service, also
- Provide personal protective equipment to protectknown as a Professional Employer Organization or
employees from harm on the job. For somePEO, has properly trained and educated professionals
businesses this may require only protective eye-wear.that will design a safety program appropriate for
Other businesses may require hard hats, ear plugs,your company. In addition, an employee leasing
gloves, etc. If you want to see lower workers'service can also lower your workers' compensation
compensation insurance premiums, enforcing a PPEinsurance costs by up to 40% compared to
policy is a must.traditional or state insurance carriers. PEO services will
- Create a job site checklist for monthly sitealso manage your workers' compensation claims,
inspections to ensure that there are no avoidableidentify potential loss exposures and conduct
safety hazards and all safety rules are being followed.fraudulent claims investigation to keep your costs
- Set up a safety bulletin board with safetyunder control.