#WorkersCompWednesday 🦺
Workers’ comp costs aren’t decided when someone gets hurt. They’re decided long before.
They’re decided when you hire, and whether you hire for the job as it really is.
They’re decided in an employee’s first 90 days, when most workplace injuries happen and good safety habits are still being formed.
They’re decided by your safety culture: regular safety training, daily walkthroughs, and the shortcuts you don’t allow.
And when an injury does happen, they’re decided by how quickly the claim is reported and whether you have a return-to-work program to get that employee back on the job.
Here’s why it matters for your bottom line: every claim feeds into your experience modification rate (EMR or “mod”), the number insurance carriers use to price your workers’ compensation policy. Fewer and smaller claims lower your mod, and your premium follows. More claims raise it, and you can pay for them for three years.
They’re also decided by who’s in your corner. Because commissions are tied to premium, a higher premium can mean a bigger check for the agent. The right insurance agent is invested in lowering your costs, not raising their commission: reviewing your experience mod, catching class code errors, preparing you for premium audits, and finding the workers’ comp coverage that truly fits your business.
At Southeastern Insurance Agency, that’s the standard we hold ourselves to.
Want a free review of your workers’ comp insurance program? Let’s talk.
💻 https://lnkd.in/epugMKFf
#WorkersComp #WorkersCompensation #WorkersCompInsurance #ExperienceMod #EMR #BusinessInsurance #CommercialInsurance #RiskManagement #WorkplaceSafety #ReturnToWork #IndependentAgent #SmallBusiness #SoutheasternInsuranceAgency
This article was originally published on LinkedIn.
