Workersâ€™ compensation is seeing many changes. Over the last year, workersâ€™ compensation has been evolving with these unprecedented times, with new rules being rushed out to address the impact of the pandemic.
As a company, how do you keep workers compensation claims from spiraling out of control?
At Sacks & Zolonz, LLC, our Los Angeles, California, leading workersâ€™ compensation defense firm has the experience and skills to help advocate for you at all the levels of a claim. Our dedicated team can assess your risks, investigate and fight fraudulent claims, keep your business on track if you are uninsured, and successfully navigate you through the process.
Call Sacks & Zolonz, LLP, and protect your business.
Workersâ€™ Compensation Is A Critical Business Challenge in California
Small businesses are significantly affected by workersâ€™ compensation costs. Workers compensation insurance covers;
- Any and all medical bills relating to the injury, including emergency room costs, ambulance, hospital stay, if necessary, and treatment for the injury
- Temporary disability will cover any lost wages while your worker is unable to perform their tasks
- Permanent disability if the injury is serious enough that the worker loses function
- Job displacement benefits are used when an injured worker cannot return to work in their condition
According to the National Federation of Independent Businesses, 33% of small business owners identified workersâ€™ compensation insurance as their biggest concern.
- Rates range from 5% to 40% of payroll
- Average premiums are steadily increasing while coverage decreases, putting a more challenging strain on businesses
- Currently, it is the fastest-growing expense across varying industries
How Can Your Business Protect Itself?
Here are five ways to help reduce workersâ€™ compensation;
- Safety should be your biggest priority:
- Develop a safety control program and put it in writing
- Incorporate a disciplinary program into the safety program to hold negligent employees accountable for not following safety protocols
- Hold regular meetings with staff members to keep the safety dialogue open
- Immediate response to claims:
- If an accident happens, take immediate action. Take pictures, write statements, be as detailed as possible
- Drug test employee and start doing random drug testing
- Fraud happens. Protect yourself
- If you suspect fraud, contact Sacks & Zolonz, LLP immediately and your insurance company
- Review your current workersâ€™ compensation policy for accuracy and make sure your employee isnâ€™t a repeat offender
- Check your experience modification factors and ensure they are accurate. 27% of insurance ratios are incorrect
- Double-check the deductible
- PEO: Professional Employer Organization:
- An outsourced PEO can reduce premiums, give safety and loss control expertise, and usually has nationwide coverage and professional payroll processing and tax filing
- Accurate Incident Reporting
- Details are vital in reporting the accident
- Make sure there is communication for all managers
- Track the return-to-work process
Employers know accidents will happen, but effective safety measures can reduce injures, and accurate and efficient involvement can help you spot a fraudulent claim.
Weâ€™re Here For California Employers
Our workersâ€™ compensation defense attorneys in Los Angeles, California are will skillfully represent you during this stressful time. At Sacks & Zolonz, LLP, we understand the value of your business and will fight to protect your rights. Contact us for a consultation of your case by clicking here or calling 310-216-7778.