A Workers’ Compensation Update
There are over 4.1 million workplace injuries in the Unites States each year, according to OSHA. Employers spend about $155 billion on work related injuries each year. There is no doubt workers’ compensation is a big expense for employers.
The good news is there are many actions an insurance agent can do to help employers reduce workers’ compensation costs.
Search the market for options and program designs that fit the individual needs of each employer.
Help build a bridge between the insurer and business.
Educate employers about how workers’ compensation works.
Work with employers in the development of a safety program.
Analyze all classifications to make sure they are correct.
Help the company prepare for the workers’ compensation premium audit.
Provide the framework for an early return to work program.
Help the company review accidents and claims to determine trends and then create safety solutions.
Facilitate a claims review with the insurer to make sure all claims are being processed correctly.
Be a resource to the business by bringing in other service providers to solve problems; i.e., attorneys, safety professionals, and third party claims consultants.
Workers’ compensation is an important part of your business insurance program. It is required by state law that your business has workers’ compensation insurance.
As a business owner, you go to great lengths to provide a safe working environment for your employees. Workers’ compensation continues to be a significant cost driver for most employers, and understanding all the factors that can drive your workers' compensation cost can often be complex and time consuming.
Located in San Diego, California, we are licensed in California, Oregon, Texas and Washington with a second office in Seattle, WA.
At Belltown Insurance Group, each one of our clients are given a dedicated team of experts that work together to proficiently address all your concerns.
We offer all types of Personal Insurance coverages to our clients in and around San Diego, Coronado, Los Angeles, Palm Springs, San Francisco, and Temecula including Car, Home, Life, Health, and Motorcycle Insurance.
Give one of our agents a call to save money on your Business Insurance. Some of our Commercial insurance coverages include Business Owners Policy (BOP) , General Liability , Bonds and Group Health.
Written by Belltown Insurance Agency Inc. on Oct 18, 2017