Posted September 1, 2015 by Administrator
Workers Compensation for trucking companies can be expensive in several ways. Businesses need to replace the injured employee until they are available to return to work and work related injuries can increase insurance costs. One way to help decrease expenses is by creating alternative positions for injured workers.
Light Duty Options
Depending on the injury, some employees may not be able to return to their full duties but may be able to perform lighter tasks, such as a filing position, dispatch or loading management. By having alternative positions available, you will reduce the time the employee receives workers compensation and can transition them to their original position when they are ready.
Communication is Key
Companies who create alternative work policies need to communicate with both the employee and the employee’s physician. If the employee knows that they may be able to return to work sooner, they will inform their doctor who can help them determine work restrictions.
The company needs to be aware of the employee’s restrictions and work with the physician to help create a position that will allow the doctor to release the patient to go back to work.
By coordinating with the employee and the doctor, the company may be able to help an employee return to work weeks or months sooner than they would originally be able to. This helps the company reduce costs and lets the employee receive a full paycheck instead of relying on workers compensation benefits.
Employees Want to Return to Work
Often employees don’t want to stay at home until they are released from a doctor’s care; however, companies can’t risk re-injury if the employees push themselves to return to work before they are ready. Offering alternative work options will help workers understand they don’t have to wait until they are fully healed and can aim for shorter rehabilitation.
Working with the employee benefits the worker and the company. Consider how you can create alternative positions in order to reduce workers compensation. To learn more about transportation safety, risk reduction and best practices, contact us.
Posted February 12, 2015 by Administrator
Workers’ compensation costs can’t be avoided, but they can be controlled. Costs for businesses in the transportation industry vary dramatically based upon a number of factors. Through a formula used to assess these factors, including region, operational activities, size, and more, you arrive at your experience modification factor. Most trucking companies are aware of this, yet surprisingly few understand how to positively influence their experience mod. It can prove a slow, challenging, deliberate process, but it’s one of the few tried and true ways to make substantive long-term improvements to your bottom line. Though there are many complexities involved in assessing and improving your experience mod factor, your roadmap begins with four steps:
- Minimizing severity of claims by leveraging accident mitigation and cost-effective repair facilities
- Reducing unnecessary payroll to minimize anticipated claim rates
- Reducing frequency of claims by implementing more rigorous safety protocols and maintenance schedules
- Taking steps to ensure your business falls into the most advantageous classification
To learn more about executing these and other related objectives, contact us.