6 Steps to Lowering Worker Comp Costs

Landscape Worker at Machu Picchu by David Berkowitz via flickr.com 

Even very small operations need to learn the rules behind workers compensation. Every state is different, but there are common sense rules any business ought to follow. Learn more in the article excerpted below from GreenIndustryPros.com. 

For landscapers all over the United States, the premium of workers’ compensation insurance is a large expense that’s often required by state laws. In other words, there’s not much you can do about it. Or is there?

Understand your state’s laws

Not every state requires businesses to provide workers’ comp. In fact, most states only require businesses to provide it when they have more than three employees.

Even when not required by law, offering workers’ comp is still beneficial for landscapers to avoid prosecution from injured employees who waive their rights to file damage lawsuits against the employer when receiving workers’ comp benefits.

The premium for workers’ compensation insurance is designed to provide sufficient funds to not only pay for benefits to the injured employees, but also to operate the system that delivers those benefits. It is a pre-funded insurance system, which means that premiums are determined before the policies are issued, and that premiums are intended to meet all future claim payments made under those policies.

Read the full article on GreenIndustryPros.com.