One of the biggest struggles companies can face is dealing with work place accidents and injured employees that result in Worker's Compensation claims. No business owner wants to have injured employees, nor do they want missed work time, decreased productivity, or higher workers compensation costs. Companies can find ways to reduce their costs and encourage injured employees to return to work earlier without infringing on their rights to receive the benefits and assistance they are due. In today's blog post, we highlight three ways businesses can reduce their overall Workers Compensation costs without negatively impacting their injured workers.

Review Current Policies

A great first start for companies is to review and amend policies that might discourage a prompt return to work. If an injured employee is recovering at home and receiving Workers Compensation pay, then any supplemental pay or wage continuation might result in the employee receiving more than 100% of their normal salary. In addition, businesses should review benefit policies to ensure that employees receiving Workers Comp pay do not also receive Short-Term Disability pay or accrue vacation hours or paid time off.

Ensure A Smooth, Safe Transition

Another way businesses can help reduce Workers Compensation costs and encourage a prompt return to work is by making the transition back to work as smooth as possible. This can be accomplished by ensuring that employees are returning to safe positions, and that safety measures established to prevent future accidents and injuries are put in place. A employee is far less likely to desire a return to work if they believe their position is still dangerous or a threat to their personal safety and health.

Develop Effective Training

Companies can significantly reduce the risk of workplace accidents by creating and enforcing thorough safety training procedures. When employees are properly trained, they are far less likely to be injured on the job, require costly medical care, or be out of work for a lengthy period of time. Effective safety training should be a corporate-wide effort, with adherence starting at the top with senior management all the way down to the entry level employees.

Businesses can take proactive steps now to prevent employee injuries, improve workplace safety, and reduce workers compensation claims. Aegis can also help businesses be prepared and protected in the event of a workplace accident through quality, reliable Commercial Insurance coverage. The team at Aegis can help your company get a thorough, cost effective commercial Insurance solution tailored to the unique needs of your business or industry. Contact Aegis today at 713-850-7622 for more information, or go online to request a free quote.