Improve Workers’ Comp Rates Through Safety
Why are Insurance Premiums on the Rise? It’s no secret that workers’ compensation premiums are skyrocketing to their highest they’ve ever been, however injury rates are at their lowest ever. How does that even make sense? Rate increases are mainly due to the rising costs in healthcare, and also reflect in insurance companies reporting record profits. How does a company contain these premium hikes to reasonable levels? The best way to combat premium rises is to prevent costly injuries. Sprain and strain injuries encompass around 40 percent of lost workday injuries and direct medical costs. A company’s Experience Modification Rating (EMR) has a strong, direct impact upon a business’
