Accidents can happen on any job, and when they do, it is important to have the proper coverage to protect your employees and yourself. All stationery retailers insurance policies should include a workers’ compensation policy. Insurance premiums can account for a significant portion of the budget, but you can lower the cost of your workers’ compensation policies with education, timely reporting, investigation and reasonable time frames for returning to work.
The best way to avoid high workers’ compensation premiums is set a standard of safety in the workplace and train employees to maintain it. Avoiding injury altogether is ideal. If an injury does occur, however, it is vital that employees understand the importance of reporting it promptly and accurately. All reported claims should be investigated and verified in order to prevent insurance fraud. Frequent and proper documentation ensures that you have all the information you need to back up any stationery retailers insurance claims filed. Finally, when employees who file claims are ready to return to work, they should be allowed to do so gradually so that they do not injure themselves again by doing too much too soon.
Insurance premiums are a necessary expense, but with a little extra effort, they can become more manageable. Through training, employee care and timely and accurate documentation, you can lower your overall workers’ compensation costs.