Do you own a business? As a responsible business owner, you carry worker’s compensation insurance to protect your employees and your business. Yes, it is required by most states anyway, but you want to do the right thing for your employees.
In addition to carrying the correct insurance with the right coverages, you also need to make sure and learn how to minimize insurance claims in the workplace to make sure that you are vigilant in your responsibilities. It’s imperative for the viability of your business that you do these things.
Do you know how to do this, though?
It’s okay! Even long time business owners can use a refresher course on how to minimize insurance claims in the workplace.
When it comes to minimizing these insurance claims in the workplace, all types of businesses should pay attention. After all, accidents and injuries can happen anywhere!
Lower Insurance Claims In The Workplace
Worker's compensation is an insurance policy for companies that will offer medical coverage as well as payroll assistance for your employees in the event of an at-work injury or illness.
Of course, we know that sometimes things just happen, and we have no choice but to file an insurance claim. That’s okay. That being said, it is important to keep these claims to a minimum to keep your employees healthy and safe. Of course, to save you money too.
Set Up Pre-Employment Background Checks and Drug Screens
The ability to maintain a good track record of minimal insurance claims in the workplace begins at the hiring process. You can significantly reduce your workplace insurance claims by performing background checks and drug screens before you hire a candidate.
These checks can weed out any employees that may be a poor fit.
Have a Comprehensive Training Program
If your employees are not appropriately trained, they are far more likely to become injured on the job. Be sure to put together a comprehensive training program that focuses on educating your employees on not only how to do their job, but also on how to stay safe while doing said job.
Additionally, be sure to have an in-depth safety manual on hand at the job. Make sure this manual has a list of your company’s safety procedures and response protocol.
Inspect equipment and working environment
Make sure to keep your company’s equipment in proper working order by following the recommended maintenance schedule. If you have any equipment that is not in proper working order, shut it down until it is brought up to code.
If you run a business that relies on an automated production process, it's a good idea to have quality control equipment in place.
Be sure to keep a record of all accidents and incidents. Utilize incident response forms to write down full details of any incident that occurs.
These reports can be used to go back to if an employee later claims an injury. These reports are also a great way to develop a record of improvements that need to be made in your safety protocols.
Keep Protective Equipment on Hand
Protective equipment such as hardhats and protective eyewear are imperative to a proper workplace for safety reasons. Many workplace-related insurance claims can be avoided with the correct protective gear.
Of course, the equipment you need is dependant on the type of business you run.
Invest in Ergonomic Equipment
If you have office workers, it is vital to invest in ergonomic equipment to minimize insurance claims in the workplace. One common workplace injury that happens with office workers is repetitive motion insurance (such as carpal tunnel, etc.). These injuries can often be prevented with the use of ergonomic equipment such as tables, keyboards, mats, chairs, and more.
As you can see, there are many ways to minimize insurance claims in the workplace. Yes, you have insurance coverage if these injuries happen, but the more they happen, the higher these rates will be. Therefore the higher your cost of business will be.
Following these tips will not only prevent your employees from becoming injured, but it will also improve your bottom line by saving you money. That’s a win-win!
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