Capital Insurance Group: Providing a 360-Degree Workers’ Compensation View
While both mandatory and necessary to protect your firm and your employees when injuries or accidents occur on the job, workers’ compensation insurance represents a significant expenditure for businesses. To reduce these costs, it’s essential to make safety a priority in your operation. Capital Insurance Group can assist you with on-the-job safety in addition to looking at a broad range of factors that affect your workers’ compensation costs and what you’re paying.
Driving Down Workers’ Comp Costs
We’ll conduct a top-down review of key areas to reduce your losses or claims and hence your premiums. This involves interviewing your personnel to determine exactly what business operations are performed and the specific activities of each group of employees. It also involves reviewing all documents, including your current workers’ compensation policy, experience modification worksheet, payroll audits, and loss-sensitive rating adjustments, to see where we can make improvements and where problems or miscalculations may exist.
In addition, along with your key management team, we will help implement procedures to:
- Investigate accidents right away and vet out fraud
- Report all claims to the insurance company immediately and monitor the status of those claims
- Set safety performance goals with supervisory responsibility
- Develop and implement a robust safety training program
- Establish an employee communication program
- Evaluate claims history
- And much more
You need an insurance advisor that can not only help secure your workers’ compensation coverage with a strong market, but can also assist you in containing costs and keeping premiums in line. Reach out to Capital today.