Safety Tips for Reducing Workers’ Compensation Claims

Regardless of your employees’ experience and skill levels, accidents and mishaps will inevitably impact even the safest and most diligent companies. Workers’ compensation insurance is typically required for these situations, as an appropriate policy can provide financial aid for your business and affected staff. However, the best way to manage workers’ compensation insurance and limit your premiums is to limit the frequency and severity of accidents in the first place.

7 Steps for Limiting Workers’ Compensation Claims

As an employer, you’re responsible for the health and safety of your staff. Workers’ compensation insurance should typically be seen as a last resort rather than a first line of financial defense. Consider the following safety precautions and strategies when discussing potential workers’ compensation claims:

1. Conduct a risk assessment. Understanding possible incidents before they happen can help your business prevent them or at least limit the consequences.
2. Add safety measures. Physically changing your workplace to make it safer can be an invaluable investment. Consider possible enhancements, such as guardrails and advanced personal protective equipment (PPE), to help employees stay as safe as possible.
3. Educate employees. Ensure your workforce is fully informed about possible risks and appropriate safety precautions. This should include regular training and refreshers on various tasks and compliance requirements. Also, make sure all employees are well-versed in how to use PPE appropriately.
4. Encourage a safe culture. Make it clear that safety is your company’s top priority and that workers will not face penalties for reporting unsafe or improper conditions and practices.
5. Compose response plans. Even after it’s too late to prevent an accident, an organized and efficient response can help limit the consequences. Create official plans for various scenarios and make sure all employees are fully educated on them.
6. Investigate incidents. Following a workers’ compensation claim, take time to thoroughly analyze what happened and how it might have been prevented.
7. Regularly reassess. Your business’s operations, tools, staff and other circumstantial details may change over time. Schedule reevaluations of your safety measures and precautions on at least an annual basis.

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Contact United Business Insurance Company in Marietta, GA, today to learn more about workers’ compensation coverage.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.