HR Insights


Risk Management Techniques to Reduce Workers’ Compensation Costs

Posted by Wendy White on July 30, 2015

Risk Management Techniques to Reduce Workers’ Compensation Costs | Wendy White | HR Insights blog by CareATC, Inc.Certain industries have always had high workers' comp costs. Manufacturing and Construction top the lists for worker injury and death, respectively.

Employers with high levels of on-the-job injury can minimize employee risk, workers' compensation cost, and employer liability by making certain changes.

For one, employers may consider taking on loss-sensitive workers' comp plans, in which they carry more of the cost of high-premium coverage.

Also, high-risk companies are learning to target job conditions that produce accidents and injuries.

By modernizing these environments, costs can be driven down immensely, and workers jobs can be made much safer.

Read full article at Property Casualty 360.

Photo credit: NAVFAC
Wendy White

About The Author

Wendy White

As the Director of Client and Clinical Services at CareATC, Wendy manages the implementation and ongoing success of our clients' clinic programs. She is also a resident expert on all things CareATC, having been with the company for over 10 years.

Post Topics Health & Safety