Workers Compensation – A Forgotten Insurance
Is Workers compensation becoming the forgotten insurance? The talk of the town has, is now, and will be health insurance. I expect the health insurance discussion to continue for many months into the future. My concern is that employers of all types will even more view Workers Compensation as just a cost of doing business. Who can blame an employer with all the new health regulation changes?
I have posted many cost reduction strategies in the blog. The one strategy that almost always pays dividends in Workers Compensation is when an employer begins to analyze their Workers Comp premiums. The next step is the employer begins to question why they are writing premiums checks for a certain amount.
Even with the extra burden of the health insurance changes, being vigilant presently on Workers Comp will lower costs well into the future. Please remember what happens today with Workers Comp can affect your premiums for up to five years under the current E-Mod system.
Even thought the darling of the media is health insurance, paying attention to Workers Compensation is a guaranteed money saver. The forgotten insurance can be devastating to a company’s bottom line.
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