Workers Compensation insurance is a significant cost for most businesses, driven by high medical costs, wages paid to absent employees, wage costs related to an injury’s resulting work stoppage, lost productivity due to administrators handling the claim, lost workplace productivity due to rescheduling and other issues. The one way to contain Workers Comp costs is to reduce the number of claims themselves. At Mountainside Insurance Management, we can assist you in reducing your costs.
There are several key steps in managing your costs, including:
When implementing these and other cost-containment measures, you can help reduce the cost of your Workers Comp program.
Mountainside can also assist you with accurately classifying your employees based on their job descriptions. Additionally, we will review your current policy, experience modification worksheet, payroll audits, and loss-sensitive rating adjustments to determine if there are any issues or miscalculations.