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Category Archives: Cost Control
Five Ways to Avoid OSHA Penalties
In a one-week period in September 2010, the U.S. Occupational Safety and Health Administration announced eight citations against employers; penalties totaled close to one million dollars. The agency fined a picture frame manufacturer for not protecting workers’ hearing, allowing combustible … Continue reading
Premium Damage Control for Workers’ Compensation Insurance
When you obtain workers’ comp for your business your initial premium rates are based on your company’s payroll and the average cost of insurance in your particular industry. This premium rating will continue until your business becomes eligible for an … Continue reading
Learning to Control Your Workers’ Compensation Costs
Every business owner knows that there are fixed costs and there are controllable costs. For fixed costs, you clasp your hands and hope for the best. But when it comes down to controllable costs, there is work to do on … Continue reading
Take Three Steps to Controlling Your Workers’ Compensation Costs
Though controlling workers’ compensation costs seems an impossible task, it is not. There are three steps you can take to take control: avoid injury, use the correct industry classification codes for all employees, and find the insurance agent with enough … Continue reading
Predictive Modeling Can Lower Workers’ Compensation Costs
Recent statistics compiled by the National Safety Council revealed that workplace injuries are at an all-time low. The costs of workplace injuries, however, have escalated significantly over the past five years. Employers and industry professionals alike are perplexed by this … Continue reading
Use Pre-Employment Screening to Cut Workers’ Compensation Losses
The U.S. Bureau of Labor Statistics says that nearly one-third of all workers’ compensation claims are filed by employees who are on the job less than a year. Almost 13 percent of these claims are filed within the first three … Continue reading
Reducing the Risk of Workers’ Compensation Claims Begins with the Hiring Process
While it’s true that workers’ compensation claims can and will happen in any workplace, this doesn’t meant there aren’t ways to prevent it before your employee enter your company. Employers recognize and understand how the right safety protocol reduces how … Continue reading
Workers’ Comp System Faces Many of the Same Problems As Health Care
Many of the same problems that plague the U.S. health care system are spilling over into workers’ compensation, including rising costs, an increased incidence of potential injuries brought on by an aging workforce and the obesity epidemic, and regulatory uncertainties. … Continue reading
Common Misconceptions About Workers’ Compensation Rates
Workers’ Compensation Insurance, a waste of money or a worthwhile investment? Unfortunately, many employers find it a waste but unavoidable. This brings a lackluster insistence on safety. Workers’ Compensation Insurance is put aside and forgotten until the rates get raised … Continue reading
The Cost and Removal of Workplace Stress
Workplace stress is evidenced every day, but few employers truly understand the secondary ramifications that stress can cause in the workplace. Four out of five American workers are thought to be affected by workplace stress, which is costing U.S. businesses … Continue reading