Q. How may we go about reducing our workers’ compensation costs?

A. The keys are providing a safe workplace where employees are well trained.

Be vigilant about completing the First Report of Injury if you suspect that an employee has been injured.

Investigate claims thoroughly and pay attention to possible fraud such as:

Monday morning accidents
Un-witnessed accidents
Injuries following discipline.
Claims from employees with histories of on-the-job injuries.
Claims from employees from high risk hobbies. (Knitting or bowling if the employee has issues with carpel tunnel could be one!)

You will want to:

Monitor each case carefully.
Have a good return-to-work program where you will utilize light duty or other such options to get the employee back.
Coordinate workers’ compensation benefits and other benefits. You may be able reduce workers’ compensation premiums by offsetting payments received from retirement plans, medical plans and Social Security.

Very importantly, seek help immediately from your workers comp. carrier. They have experts who will guide you through the whole process.

Better Returns for your Business