Our last post reviewed the importance of reducing the frequency of injuries. Accidents happen, but if you notice a repeating pattern of similar injuries, you know you have some work to do.

Today, let’s look at severity, and how it impacts your insurance premiums.

Once an injury occurs, the employee will generally receive medical care. They will be examined by an industrial doctor who will determine the severity of their injury, the necessary medical care, and if they will be required to take time off work.  The insurance company will be responsible to pay for all related medical, rehabilitation and indemnity (time off of work) costs.  The longer an employee receives medical care and remains off work, the more the insurance company pays.

It is in the best interest of the employer to return the employee to work as soon as possible. If an employee is unable to resume their previous job function, the employer is encouraged to incorporate a “Modified Return To Work” Program whereby the employee can return to payroll while performing permitted job functions. This can significantly reduce the indemnity costs and minimizes the negative impact to the employer’s insurance policy. An employer should also be vigilant in reviewing open claims with the insurance carriers and to have them closed and removed from the record as soon as possible.

While you may earnestly want to reduce your workers’ compensation rates, some of these tasks may sound a bit daunting. However, don’t despair. There are many resources out there that help you implement effective safety programs. When you consider the long term savings you will enjoy by reducing your Experience Modification and rates, the up front expense of hiring a professional will be an easy investment choice. Click here to learn more about our Workers’ Compensation Safety Services.