KEEPING YOUR WORKERS COMPENSATION COSTS DOWN

Accidents Happen.  From a simple muscle strain to a serious fall, workplace injuries can significantly affect your employees and your bottom line.  In addition to the direct costs associated with your workers’ compensation insurance, you may have expenses that stem from the hiring and training or replacement workers, lost productivity, accident investigations and more.

Even when the right precautions are taken, it only takes a split second for a routine task to turn catastrophic.   Even with the unknowns, however, there are effective ways an employer can help to control the workers’ comp costs.  We want to share one of those with you here.

RETURN TO WORK PROGRAM

When a worker becomes injured or ill, expenses can add up quickly due to lost time, medical costs, and hiring replacement workers.  By proactively developing and implementing a return to work program, you can help your company control these costs.  Plus, getting employees back to work can help improve your experience modification factor, which can save you money on workers compensation premiums.  And in addition to the cost savings, it’s a positive for the employee’s.  Employee morale when recovering from an injury will be higher if they are being communicated with at a high level and are given the opportunity to return to the work environment doing something within their restrictions.  It’s also good for other employees to see that employee back in the office.

If you do not have a formal return to work program and would like more information or help in getting one set up, reach out to your Agent for additional resources.

Information provided by EMC Insurance.