Your workers compensation program is an integral part of taking care of your employees and your company. If you have workers compensation set up for your business, you should periodically assess it to ensure it is working as intended. Use these steps to periodically examine your program and make sure you are saving what you can while taking care of employees.
- Examine your workers comp insurance. You want to make sure you are getting a good rate while also having a complete policy with good coverage. Have an insurance agent examine it for you if you do not know what to look for.
- Know your federal and state laws. Take a look and ensure you are in line with all laws on both the state and federal level, especially if there are new laws in place.
- Look at company losses within workers comp. Examine any locations to see if any injuries are more likely at one location. If you have loss in areas you can improve upon, develop steps to better conditions.
- Ask employees how they feel about your policies. Develop questionnaires and have everyone fill it out. It is a good way to determine if your policy is in line with expectations and if you have to make any changes to company policy.
- Take a look at your company procedures and how you educate employees for safety. See if there is anything you could do to better prepare employees during your process.
- Have focus groups for employees. This is a good way to make sure people are happy and identify places where they are not. This can help you develop better processes for your your company and employees.
- Contact your insurance carriers loss control department. They deal with loss control every day and may have some good ideas on what can help you limit claims and losses.
- Contact and independent consultant. They can help you work through some issues you may be having and can provide a unique perspective that is not partial to anything but helping your company.
Using all of these steps together can help you develop a well rounded Workers Comp program that benefits your company by helping prevent loss. It also helps your employees by better protecting them.