The Key to Managing Workers' Compensation Premiums
…The Seven Point Plan
In an effort to control insurance premiums more and more businesses are shopping for the "best rate". Money does talk but finding long-term solutions to increasing premiums will speak louder in the long run. The simple solution to controlling insurance costs is merely to control the amount of claims. Most of the time that is easier said than done. It is inevitable that accidents are going to happen, especially in businesses with higher risk exposures. But there are ways to manage the exposure before and after the accident has occurred, which can work to your advantage.
At Brown & Brown, we are focused on helping you understand your exposure to loss and how to effectively plan and manage your loss control efforts. We are dedicated to assisting in developing long-term solutions to control the exposures affecting you and your employees. We may give you the "best rate" this year but it is only through commitment and proactive loss control efforts by all parties that we continue to cut the bottom line costs.
The Seven Point Plan was created by the Risk Management Department at Brown & Brown to give our clients a starting point in developing a safety program for their organization. The Seven Point Plan consists of:
- Management Commitment & Employee Participation
- Good Hiring Practices
- Return To Work Procedures
- Claim Management & Analysis
- Mission Statement & Written Safety Program
- Develop a Safety Committee
- Consistency
For more information regarding risk management solutions for your business contact us today.
|
