Agents Can Help Employers Manage Workers’ Compensation Costs

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A Denver Workers’ Compensation Update

There are over 4.1 million workplace injuries in the Unites States each year, according to OSHA.  Employers spend about $155 billion on work related injuries each year.  There is no doubt workers’ compensation is a big expense for employers.

The good news is there are many actions an insurance agent can do to help employers reduce workers’ compensation costs.

  • Search the market for options and program designs that fit the individual needs of each employer.
  • Help build a bridge between the insurer and business.
  • Educate employers about how workers’ compensation works.
  • Work with employers in the development of a safety program.
  • Analyze all classifications to make sure they are correct.
  • Help the company prepare for the workers’ compensation premium audit.
  • Provide the framework for an early return to work program.
  • Facilitate a claims review with the insurer to make sure all claims are being processed correctly.

As a business owner, you go to great lengths to provide a safe working environment for your employees. Workers’ compensation continues to be a significant cost driver for most employers, and understanding all the factors that can drive your workers’ compensation cost can often be complex and time consuming.

DCInsurers – Mountain is the solution for your business insurance needs. Our network of independent insurance agents understands the intricacies involved in finding the right business/commercial insurance policy for your unique needs. For more information, call us at (303) 420-4774, or fill out our online quote form today.

 

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