Six Ways to Save on Your Workers’ Comp Policy
Image Credits/Getty Images/Image Author1. Establish a workplace safety program
By controlling losses and preventing injuries, you can achieve long-term savings. Summit can help you develop a workplace safety program, offer safety assessments, industry-specific safety training, and more. Visit the Safety section of our website for more information.
2. Create a drug-free workplace program
This is an important step in helping maintain employee health and safety and reducing the risk of injuries. Some states even offer a premium credit for having this program. The Safety section of our website offers more information and training materials.
3. Report injuries as soon as possible
The longer you wait to report an injury, the more costs can add up. Delayed medical care often results in the injury worsening and becoming more costly. Also, if an injured employee sees his or her own primary physician first, then later files the injury as a workers’ comp claim, costs are usually higher. Postponing reporting can also increase the chance of litigation. The four ways to report an injury are: Visit the Report an Injury page on our website; call 1-800-762-7811; email the injury report to [email protected]; or fax the injury report to 863-667-1871
4. Have a return-to-work program
Getting your injured employees back on the job as soon as medically appropriate can help you save. A vital component of these programs is transitional duty assignments, which you should have for each employee so they can ease back into work if necessary. With return to work, you can decrease medical costs, reduce the likelihood of legal expenses, and lower training costs. Back2work® is Summit’s return-to-work program—read about it here.
5. Investigate incidents to improve safety
Understanding how an accident or near miss occurred can help you prevent it from happening in the future. Even if no one was injured, it’s important to document what happened. We’ve created an easy-to-use incident investigation kit to help you collect the information you need.
6. Communicate throughout a claim
When you report a claim, you and your injured worker will interact with Summit staff members who are trained to make both your experiences easier. Regular communication with the adjuster, injured worker, and the medical provider can help the claim move more quickly and prevent confusion along the way.
Disclaimer
The information presented in this publication is intended to provide guidance and is not intended as a legal interpretation of any federal, state or local laws, rules or regulations applicable to your business. The loss prevention information provided is intended only to assist policyholders of Summit managed insurers in the management of potential loss producing conditions involving their premises and/or operations based on generally accepted safe practices. In providing such information, Summit Consulting LLC does not warrant that all potential hazards or conditions have been evaluated or can be controlled. It is not intended as an offer to write insurance for such conditions or exposures. The liability of Summit Consulting LLC and its managed insurers is limited to the terms, limits and conditions of the insurance policies underwritten by any of them.