3 Steps To Protect Your Business In Workers Compensation Claims
Not all the incidents that take place on your property are legitimate cases for workers compensation claims. Therefore, it’s up to you to put in the necessary processes to be able to investigate these claims and limit your risk, exposure, and liabilities.
Workers comp has historically been a petitioner-oriented system. This means that it favors the workers and it’s on you the employer to prove otherwise. So, to help you protect your business from fraudulent claims and over payment on legitimate workers comp claims, here are three steps to get started.
1. Have a comprehensive Employee Incident Report Form
There are no depositions in workers comp. So, whatever information you get at the reporting of the incident may be all you will get. To ensure you get as much detail as possible, have your employees fill out a detailed incident report form.
This should be a form that you design to capture as much information as possible. With this document, you can get medical history questions answered that could later be the difference in the size of the settlement or whether there is a legitimate case to begin with.
More of a Podcast Listener? Check out our episode on this topic here: https://anchor.fm/call-your-broker
More of a VLOG watcher? View the full episode below:
2. Know Your Professionals
Not all doctors, lawyers, and risk management professionals understand the intricacies of workers’ compensation. So, make sure you assess all your partners before agreeing to work with them.
3. Do Comprehensive Investigations
It starts with understanding workers comp and the difference between incidents that arise out of work or during the course of work. For example, someone wrenching their shoulder while putting on their coat to leave the office is during the course of work and not a worker’s comp incident. It didn’t happen because of the job they were employed to do.
Now, for where claims seem legit, it’s up to you to do your due diligence to verify the details. This could mean social media investigations, bringing in a professional investigator, or simply asking your lawyer for advice.
Are you prepared to handle workers’ compensation claims?
In today’s society, it’s not if, but when you may face a claim. So, if you need help to prepare your business and protect yourself, speak with a risk management professional. They can help you identify your risks and put in place measures to limit the fallout from workers comp claims.