Ways to Lower Workers’ Compensation Costs

Workers’ Compensation is one area where business owners can take measures to cut costs. By developing a culture of safety in the workplace, companies will reduce the number of injuries to workers, as well as the costs of insurance premiums. As an extra benefit, creating wellness programs and developing safer workplace conditions can also increase day-to-day productivity and worker satisfaction. Following are some measures that businesses should consider to help improve work conditions and reduce WC claims.

1. Assess facilities – Conduct regular evaluations of work facilities, machinery and desktop workstations. Identify and correct hazards like dim lighting, poor air quality and unsafe machinery.
2. Supply safety equipment – Encourage employees to utilize the correct safety equipment for the job – goggles, helmets, gloves, etc. Provide support equipment such as dollies, step stools, etc.
3. Conduct ergonomic evaluations – Executives, assembly line workers and retail clerks can all benefit from ergonomic assessments. The right chairs, tables, keyboards and phone equipment can cut down on chronic back pain and injuries like carpel tunnel syndrome.
4. Hold safety-training seminars – Train employees via regular workshops. Hand out information on the correct handling of machinery, safety gear and workspace ergonomics.
5. Develop wellness programs – Healthy and fit employees are more likely to avoid injuries and to recover quickly if an accident occurs. Wellness programs can range from discount or free gym memberships to lunch-time yoga classes.
6. Manage claims – Follow-up with employees to ensure they are receiving the care they need. Assist workers to get access to care providers and set up recovery programs.
7. Create return-to-work programs – Help injured employees make a speedy recovery and return to work by keeping in close contact with them.