The Employer’s Side of Workers Comp

Often, employers are more concerned with the focus of their business and overlook potential opportunities when it comes to workers’ compensation insurance costs. But it’s important to note that workers’ compensation involves two parties: the employer and the employee. To give you a look at the other side of workers’ compensation, here are some common mistakes businesses make when it comes to choosing their workers’ compensation insurance:

1. Measuring Insurance Companies by Premiums- Employers tend to look at the big picture and forget the details, which is why they may typically look at a low premium and pick it. But premiums rise according to the frequency of workers’ compensation claims, which result in indirect costs. An injured employee can result in a loss of production, equipment or property damage, cost of hiring and training, low morale, and unhappy customers.

2. Lack of a Safety Program- Workers’ comp insurance premiums are raised by the frequency of workers’ comp claims. Safety programs are one thing that employers can form that will help keep these at a minimum. Employers who implement and maintain safety programs in the workplace, designed to minimize claims, tend to have the lowest amount of workers comp claims and, thus, the lowest premiums.

3. Forgetting or Alienating the Injured Employee- Smart employers stay in touch with an employee during the workers’ compensation process. Employers can sometimes forget about an injured worker but often that injured employee will return to work after or even during an active claim. If an employer does not manage this WC claim properly, it can result in the loss of a properly trained and skilled employee. Employees who have support from the company they work for are less likely to retain an attorney.

Workers’ compensation issues exist not just for the employee but the employer as well. If you’ve been injured in an on the job accident and feel your claim is being mishandled, don’t be afraid to consult with an experienced workers’ compensation attorney. Often, such consultations are free of charge.

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