If you are a small business owner, you might have experience dealing with worker’s compensation. As a small business decision maker, you would want to avoid having to use your worker’s compensation at all as you want your employees to be safe and healthy. Even though worker’s compensation is state-mandated, you can still make smart decisions related to worker’s compensation that will help keep your small business and its employees.
Worker’s compensation is a form of insurance that helps business owners by providing wage replacement and medical benefits in the event of an employee getting injured while on the job or sustaining an injury associated with their job. Companies and small businesses are required by law to have worker’s compensation insurance. The details generally vary state by state. Read more about Worker’s compensation.
The best way to avoid worker’s compensation claims is to get proactive–for small businesses that means safety programs that lower the risk of work place accidents.
OSHA offers a number of resources for small businesses looking to create a safety program that eliminates workplace hazards. They suggest five steps that responsible small business owners can take to keep employees safe.
Staying accident-free for small businesses starts with prevention.
Accidents do happen, though, so small businesses should be ready just in case. “Return-to-Work” programs allow employees to get back to work as soon as they are medically able to reduce worker’s compensation costs and improve productivity.
Return-to-Work plans are about providing support when your employees most need it. They outline policies that go into place should someone get hurt such as:
Hiring a licensed insurance broker is one way small businesses can learn more about avoiding worker’s compensation claims, too. A broker can provide details on things liability insurance for small businesses that reduce your costs, for example.