As a small business owner, do you have overtime to handle a workers’ compensation claim? Chances are you are constantly working on your business and have no spare time for anything, much less to process and review a claim for completeness.
Considering the lengthy amount of time it takes to go through the workers’ compensation claims process, you can save hundreds to thousands of dollars by hiring a professional. In addition, by contracting with a company only the services you need, you can also save on accident and long-term insurance.
Audit current practices to identify potential problems
When you hire a professional service to handle your workers’ compensation claims, your business will be audited to assess its current risk profile before any issues arise. If the team finds obvious areas where your company can improve its security compliance, you’ll receive a comprehensive brief on how to execute a new strategy that will address all of these discrepancies and help prevent any workers’ compensation claims.
Guaranteed compliance with government regulations
There’s no denying the complexity of trying to stay current on safety compliance law changes implemented by the Occupational Safety and Health Administration (OSHA). And that’s just at the federal level. You may need to consider how your state’s security compliance laws also affect your company’s operating procedures. Do you agree with the law?
A professional will be fully informed and able to assess the compliance of your business and make the necessary changes to avoid penalties and fines.
Construction of a Comprehensive Security Program
A large part of successful workers’ compensation administration is creating a safety training program for all employees. Your contracted team will produce a company security manual detailing the employer’s responsibilities and how employees can maximize efficiency within the system. They can also organize trainings to ensure the full understanding of each employee and member of the company.
Starting a return to work program
Expert management of workers’ compensation will not only involve coordination with healthcare professionals and affected individuals, but also requires in-depth knowledge of the correct methods and schedules to get employees back to work as quickly as possible. Professionals create a customized program for each case to minimize lost wages for the employee and foster an atmosphere of acceptance of communication and openness in the workplace.
Claims management and analysis
Of course, false claims must be quickly identified and investigated so that your business suffers the least financial damage. You may not be able to separate truth from falsehood, but a professional with years of experience knows exactly what to look for to identify false workers’ compensation claims.
Find a professional workers’ compensation claims administration organization that handles the needs of your small and medium-sized business, and you’ll see a drastic reduction in the time and money you spend on this task, allowing you to stay on top of what’s important: growing your business.