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Workers Compensation is a major expense for manufacturing firms today. A couple of ways to reduce costs, of course, is the reduce the frequency and the dollar amount of claims filed. But no matter how careful you are, accidents and injuries can still happen at manufacturing plants.
So what can you do?
First, implement necessary safety initiatives. Check and see that you are being billed accurately. For example, when you give your insurer payroll information, don’t include premium overtime pay. And make sure your employees are properly classified for Workers’ Comp reporting. The classification system is complex and often results in mistakes that can cost your company a bundle.
Contact us to review your payroll records that report information for Workers’ Comp premium purposes. We can help determine if you have been assessed the correct premiums. We may even find out that your company has been overcharged in the past — and is entitled can obtain refunds.
Don’t pay higher premiums than necessary!