In keeping with some of our recent posts regarding safety today let's talk about Workers Comp and how it affects insurance policies.
The construction industry is one of the top industries for Workers Comp claims, and not all are real. The more claims, the higher the insurance policy cost to everyone. Contractors/business owners need to work to limit the number of cases by proactively reducing the number of cases.
Here are a few tips to try and reduce your number of incidents:
1) It is so important to hold safety seminars, post safety warnings on job sites, have all equipment in good working condition, and be sure your crew is wearing the proper attire for the job. If there are safety issues, address them quickly.
2) Hire smart. The odds of a claim are the highest within the first 90 days.(Construction Business Owner Aug.2014) Be sure you go through the entire hiring process, including drug testing, background checks. Try to stay away from short-term hiring.
3) If something should occur, document everything, be detailed. Follow up on the documentation and the care of the employee. Again, it is your responsibility to follow up and be proactive.
4) Institute modified duties or hours. This will get the employee back to work sooner keeping insurance costs down and decreasing the chances of employees making fraudulent claims to just get out of work.