The State of California has suffered financial problems and a budget crisis in the last few years. As a result, overall California workers compensation rates have increased; however your agent should be able to help you find ways to keep costs down for your company. Workers’ compensation insurance is required by law in California for any company with one or more employees. Inspections have increased in California increasing fines for companies as well. An experienced agent is the person to consult to help enable you to keep your company compliant with all laws governing workers’ compensation and avoid fines for non-compliance.
One of the most effective methods of controlling workers’ compensation costs is for the employees in your company to have a safety-minded outlook in their jobs and for you to encourage a safety conscious workplace culture. Regular updates on training and even recertification of certain skills can help keep safety at the forefront of your employees’ minds as they conduct their daily business.
Other steps to take to control of California workers compensation rates include onsite accident evaluations, loss prevention strategies, zero-accident goals with rewards for success, employing a dedicated risk manager, forming a safety committee made up of rotating employees, and using a preferred occupational medicinefacility. Getting the employees involved in programs that make their work environment a safer place encourages team work and increases morale.