With state and federal workers’ compensation laws covering
well over 125 million employees and $6 trillion in wages nationwide, it’s a
matter that no business owner can afford to ignore. While these laws are
designed to protect both employees and employers, the simple fact is that
workers’ compensation does have a significant effect on your bottom line. Of
course, workers’ compensation laws and the claims process can be quite
difficult to understand, which is why many companies end up spending more on
workers’ comp than necessary.
In an effort to demystify workers’ compensation and help you
get your business’s expenses in check, we’ve compiled this simple list of
effective tactics for keeping your workers’ compensation costs down.