Workers’ compensation coverage helps by replacing lost wages and paying medical bills of employees who are injured or contract an illness on the job. If you ask the experts at https://www.nsins.com, “How do I find my experience modification rate?” they will tell you it calculated using both the classification rate of jobs on your payroll and the claims made on your policy. You can’t do anything to change the inherent risk of the tasks required to perform a job, but you can improve your EMR with increased safety measures.
Implement Safety Training
Every employee should have a thorough knowledge of safety procedures that are relevant to the job. Regular training and adequate signage can keep employees up-to-date on protocols that reduce injuries and thus the number of claims.
Form Safety Committee
While some jobs are more dangerous than others, every worker faces risks. Forming an employee-led safety committee can give them a sense of ownership in keeping the workplace safe.
Improve Work Conditions
Old equipment can pose a safety hazard. Regular inspections and upgrades can alleviate some of these dangers. When injuries occur, evaluate the situation and look for ways to improve conditions.
Even jobs with higher classification rates can be made as safe as possible. Improving the safety of your workplace can lower your EMR and thus your workers comp premiums.