Due to
extreme and dangerous conditions builders work in, workers’ Compensation is
relatively more expensive for the Contractors in Sunnyvale. If you don’t know what workers’ compensation is, it is liability
insurance for the employees, a kind of financial reimbursement in case of a
work-related injury or even death of the employee. There are some ways by which
you can save at least some money on workers’ compensation.
Safety programs:
Investing
in safety programs for your workers can save you a lot more in terms of
compensation. Training programs, safety equipment, and improved technology can
help you avoid any unfortunate events during work and you will be paying a lot
less than regular workers’ compensation. Provide your workers with protective
gear on construction sites such as gloves, goggles, helmets, and shock-absorbing
uniforms. It might seem like an unnecessary expense to some cheap contractor
firms but a responsible company will take care of its employees as it’s not
just about saving money, compassion is also important in any business.
Fewer workers’ compensation claims:
Fewer
workers’ compensation claims mean a good rapport with your company. Many contractors in Sunnyvale do not
understand the importance of the credibility of a business. Contractors who
file more workers’ compensation claims have to pay a much higher rate than
those who have fewer claims. Investigating a claim before filing with the
government is crucial. The builder should invest in surveillance equipment on
the construction sites and in offices. Note the reporting time by the employee
and the nature of the incident before officially filing the claim. There have
been cases where employees falsely reported an incident and the building
company filed the claim without investigating internally first. Later on,
authorities found out the foul play, these incidents damage rapport of business
with insurance company and Govt.
Classify workforce and desk employees properly:
Some
companies pay a lot of money for workers’ compensation without realizing that
they’re paying the same rate for laborers (high-risk employees with expensive
comp) and desk employees (low-risk employees with lower comp rates). If you
classify and maintain an accurate record of all the employees, you’ll be
surprised to see how much money you’ll be saving. Labors and on-site workers
are at a higher risk due to the physical nature of the work and how many
dangers they’re exposed to.
All
contractors must get workers’ compensation for their employees, as it is not
about money but basic human decency. Have compassion and think of your
employees as your biggest asset. If you’re planning to work for a construction
company Breakthrough Builders are
one of the experienced and licensed companies who believe in taking care of
their employees.
