No matter the size or type of business, all employers are responsible for providing a safe and healthy work environment for their employees. The good news is that many employers have made strides in improving the safety conditions at their organizations to help decrease the number of injuries incurred over the past several years; however, accidents can still occur at any given moment. These accidents lead to lower employee morale and productivity, both of which affect an organization's overall bottom line. This is why it’s so imperative that business owners take measures to manage the specific risks involved with running their operations.
Pay-as-you-go workers’ compensation insurance is a type of workers’ comp insurance with flexible premiums that change throughout the year. These premiums are dependent on changes to your number of employees and your payroll data throughout a 12-month span. Workers’ comp insurance is required in most states for businesses with employees. It may also be required for sole proprietors who work in riskier professions, such as construction and building design. Workers’ compensation coverage protects your business and your employees from healthcare costs and lost wages if an employee suffers a work-related injury or illness. Most regular health insurance policies are unlikely to cover these injuries, so without workers’ comp, either you or your employees could be stuck paying the medical bills out-of-pocket after a mishap.
When developing safety standards, the business should keep in mind their size, complexity and the types of hazards involved in their everyday operations. Their workplace safety training programs can range from informal or written procedures to highly structured policies and hierarchies depending on their specific needs. Many states offer a formal workers’ compensation insurance discount if a policyholder implements a Workplace Safety program that meets certain criteria as determined by the state. Our safety professionals will conduct single or multiple facility safety audits tailored to your specific need and then be able to identify potential risks and communicate them to your company in a detailed summary report suggesting abatement actions for improvement. One of the best methods for improving production, quality and employee safety is to ensure that employees are properly trained prior to being placed in the production process. Our goal is to allow you to address both production and training goals.
Loss control is a risk management technique that seeks to reduce the possibility that a loss will occur and reduce the severity of those that do occur. A loss control program should help reduce claims, and insurance companies reduce losses through safety and risk management information and services.
Our expertise in Workplace Health & Safety, combined with our knowledge of Workers’ Compensation Insurance, synergize to offer a unique resource for dealing with a variety of issues which encompass workers’ compensation coverage / premiums. Our ability to integrate the various elements of Workers’ Compensation allows us to take a comprehensive approach to your Workers’ Compensation management issues.
Workers’ Compensation insurance premiums can have over a 50% variance amongst insurer’s proposals. Combined risk management safety and claims management controls can have a similar impact. Our goal is to provide Workers’ Compensation claims oversight in order to reduce costs and move claims to closure in a consistent manner, as well as to provide technical expertise and personal service.