Vaught Wright & Bond
P.O. Box 1328
533 Main Street
Placerville, California 95667
Phone: 530-622-1835
Toll-Free: 800-652-0168
Email Us
CA Lic. #00448556
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How To Contain Workers’ Compensation Costs

Down to Business How to Leverage Americas Aging Workforce in Your Business 1 300x174 - How To Contain Workers’ Compensation Costs

As a business owner, you go to great lengths to provide a safe working environment for your employees, but when dealing with humans, accidents can happen.  Despite your best efforts and vigilance, accidents will happen. The Bureau of Labor Statistics notes that in 2016, there were more than 1.1 million workplace injuries. Make sure you have adequate workers’ compensation to protect your business from loss. That is when Workers’ Compensation Insurance can help.  Workers’ Compensation Insurance should be an important part of your risk management program. There are proven methods to help you contain your costs as much as possible.

Here are some proven tools to help you contain your workers’ compensation costs:

  • Create a company safety policy and clearly define safety rules
  • Make sure upper management provide support
  • Designate a safety committee or coordinator
  • Create safety checklists and hazard reports for each job function
  • Investigate all accidents
  • Have a clear safety enforcement policy
  • Provide safety training to all employees
  • Request regular claim review meetings with your carrier and agent
  • Develop a return to work program

Do not delegate safety, the companies with the best records have an owner on their safety team.

Placerville Workers compensation insurance is available for any size and type of business. As you may have seen, it can be difficult to qualify, so it is best to work with an experienced broker/agent to cut through the red tape. In California, many businesses believe that State Fund is their only option, when it is often possible to find other companies offering similar coverage at a better rate. If State Fund is your best or only option, we believe it is much better to buy your coverage through an agent/broker so you have unbiased assistance and support, rather than working directly with State Fund’s employees. Who wants that conflict of interest that may not put your interests first?
The rate you pay is the same either way; it’s a no-brainer!

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Or call (800) 652-0168 to speak with a specialized agent.