Home / How To Reduce Workers’ Compensation Costs

How To Reduce Workers’ Compensation Costs

How To Reduce Workers’ Compensation Costs

Workers’ Compensation Defined

Workers’ Compensation is coverage purchased by the employer that provides insurance if employees are injured while on the job. Most states require that employers purchase the insurance on behalf of their employees.

Workers’ compensation costs can make up a large portion of business operating costs. It is beneficial for employers to find methods of reducing both the direct and indirect costs associated with workers’ compensation.

Workers’ Compensation Cost Reduction Methods

Using an independent agent who can help you market your workers’ compensation program is a good way to keep premiums competitive.

Selecting the right carrier. Not all insurance companies are created equal. Does the carrier have experienced loss control and claims professionals? Low rates can mean the insurer does not have quality support; and if the claim goes bad due to lack of supervision, you will end up paying more in the long run.

Does your company have an up to date safety and return to work program? This is critical in the management of the injury and post-accident process. Getting injured workers back to work as soon as medically possible is very important and can reduce indemnity costs.

Provide ongoing staff training. Keeping all employees informed and part of the process will make them feel invested in the long-term benefits of your safety program.

The small amount of money you spend on these items will have a positive impact on your overall costs.

Welcome to DCInsurers – Mountain! We’re a Denver based Independent Insurance Agency specializing in insuring all types of businesses. For 20 years DCInsurers – Mountain, and its predecessor Mountain Insurance Brokers, have been providing businesses of all size the best value and coverage for their needs. We are an independent agency representing many companies, so we are able to shop the marketplace to find you the best insurance value.

Mountain Insurance

The right coverage at the best price. Colorado's trusted insurance advisers since 1997

About Us

We are dedicated to providing our clients with the highest quality in business and personal insurance products and services at the most competitive prices in Denver, CO.

3705 Kipling Street, Wheat Ridge, CO 80033
303 420-4774
info@mountaininsurance.com