Wednesday, April 23, 2008

8 Workers’ Comp Mistakes That Employers Make

We couldn’t agree more with the writers over at the Workers’ Comp Insider, the blog of Lynch Ryan, who say that workers’ compensation is a people issue, not a financial one.

That sentiment was in response to an American Printer article about the eight mistakes that many companies make when it comes to workers’ compensation.

1) Confusing lower premium rates with cost reductions
2) Becoming complacent
3) Focusing on direct costs only
4) Separating workers compensation from employee retention
5) Measuring the wrong thing
6) Thinking rates will stay low
7) Viewing workers’ comp as an expense
8) Devaluing your relationship with your insurance company or agency

The full article about workers’ compensation mistakes is available online.

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