Cost-Saving Strategies for High-Risk Industries: Manufacturing, Metal Fabrication, and Food Processing
MR Management, Retro Plans, and Deductible Options to Cut Rising Premiums For manufacturing, metal fabrication, and food processing businesses, the risks are high—and so are potential workers’ comp premiums. Hazardous machinery, intense physical labor, and strict safety standards can inflate costs if not managed effectively. Identifying Hazards & Managing EMR “In high-risk industries, your Experience […]
Managing Workers’ Comp Costs in Healthcare: Combatting Medical Inflation & High Injury Rates
ADR Programs, Accurate Class Codes, and Proactive Solutions for Health Facilities Healthcare organizations contend with high injury rates, complex claims, and rising medical inflation, making workers’ compensation coverage a significant cost driver. 7 out of 10 businesses never audit their workers’ comp program independently (Institute of WorkComp Professionals), which can lead to missed savings—especially for […]
Workers’ Compensation Optimization for Restaurants: Cutting Costs & Reducing Claims
Misclassification Errors & High Turnover Don’t Have to Drain Your Profits In the fast-paced world of restaurants, every penny matters—yet 40% of businesses (Workers Compensation Research Institute) are overpaying for workers’ compensation coverage due to misclassification errors and incorrect experience modifications. Between high turnover, fluctuating payrolls, and frequent claims, many restaurant owners unintentionally overspend on […]
Navigating Staffing Agencies and Workers’ Comp Policies
As a temp agency owner, insuring your business properly is crucial to mitigating the various exposures you face. One aspect that is often overlooked is workers’ compensation insurance, which is often required by state law. When a temp agency assigns a worker, that worker must be covered by the staffing agency’s workers’ comp plan, but […]