It’s not enough to provide workers’ compensation insurance for your employees. With increasing premiums, you need to control costs too.
Employers are grappling with a spike in workers’ compensation premiums after years of virtually level costs. Increasing accident rates and higher medical costs are contributing to the problem. But you can help control the damage by improving safety programs and informing employees about the shared costs of accidents. Workers’ compensation insurance, long a burr under the employer’s saddle, is gaining new prominence in the drive to protect profits.