Your business is saddled with a number of unavoidable costs that are required by the government, such as insurance that manages injuries to employees. If you’re shopping for insurance to handle workers’ compensation in Champaign, IL, you should expect more than just a policy. The company you choose should help you mitigate risks and lower your costs before any claims are filed.
Lower Your Risks
Premiums can rise with an increasing numbers of claims, so make creating a safe work environment your first consideration. It might surprise you to find out that a document review is an important step in making safety a priority.
The first steps toward more affordable insurance for workers’ compensation in Champaign, IL are reviewing:
- Your current workers’ compensation policy
- Experience modification worksheet
- Payroll audits
- Loss-sensitive rating adjustments
Improvements might be possible in several separate areas, and overarching problems are made more visible in a thorough review.
Impacts on Cost
Your insurance costs are affected by a list of factors that you should review as you choose workers’ compensation in Champaign, IL. Among them are your history of losses and how they compare with your industry average, fraud, job classifications, and problems that lead employees to make more serious claims more often. By purchasing insurance and reviewing your documents and operating procedures, you will help to protect both your employees and your business.