To successfully operate your safety and wellness program and reduce your comp claims, it helps to know where to start. We can assist with that. Analytics are available that allow you to conduct a four year review of your claim history. In order to reduce your costs, you must first focus on where those costs are coming from and how they are calculated. This review will help you hone in on the specific areas that are costing your company the most when it comes to worker’s comp claims and take the steps necessary to dramatically reduce and hopefully eliminate the causes of these claims.
This starting point will serve as the basis for correcting your course and impacting your future worker’s compensations costs. Once you have these analytics in hand, you will be able to see how much individual claims cost you. In addition, you will see the impact of a few large losses versus many small losses. Knowing this information will help you tailor your wellness and safety program in order to target areas most critical to ensuring your employee’s well-being on the job. This translates into a safer workplace environment for your employees and lower costs for you as an employer.
Written by Ross Amato & Nickalas Oates
Work Comp Specialists