Reduce Your Workers Compensation Insurance Costs
Although there are measures you can take to increase safety, workplace accidents are still bound to happen. Most states require all employers to have workers’ compensation coverage, but increasing workers’ comp costs can be frustrating for employers who are trying to promote a safe work environment.
Additionally, your workers’ compensation costs could be indirectly impacted by the Affordable Care Act (ACA). As the country faces a shortage in primary care physicians, the cost of labor, tests, and other services, as well as the overall wait times, are on the rise. This means you could experience an increase in comp costs and a decrease in the number of employees able to return to work in a timely manner.
Our staff can conduct an audit of your workers’ compensation experience modifier and develop a strategy to help reduce your premium costs. To schedule a workers compensation insurance audit, contact McGrath Insurance at 508-347-6850 or email our commercial lines department.