Small Business Tips to Reduce Workers Compensation Premiums

By Barrow Group Staff / September 09, 2021

Warehouse Training

OSHA does require that every forklift operator be trained and certified to operate the powered industrial truck in the workplace

     Owners of small businesses often find standard workers’ compensation insurance difficult to manage. It typically requires the business to make a significant upfront premium payment that can tie up business capital and cause cash flow difficulties and other administrative problems. Pay as you go workers compensation insurance avoids these difficulties.

     Employers who wish to reduce the cost of workers’ compensation are encouraged to emphasize workplace safety in order to reduce claims that may affect the workers’ compensation ratings of their businesses. There are a number of ways that a business might tackle hazardous issues in the workplace.

     Here are the most frequent OSHA violations that every small business should be aware of:

  • Electrical hazards
  • Hazards requiring lock out/tag out protections
  • Machine guarding
  • Slip, trip and fall protection
  • Hazard communication
  • Powered industrial trucks

     Trips and falls are one of the most prevalent workers compensation issues. Let’s look at a simple example that relates to flooring:

  • Minimize floor level changes; if a floor level change is necessary, ramps are preferable to steps.
  • Avoid sudden changes in the surface texture of floors. Where sudden changes cannot be avoided, install good lighting.
  • To avoid injury as a result of slips and trips, ensure that spills are cleaned up promptly and that items such as extra stock, rubbish and equipment are not left in a hazardous location. It might also be appropriate to make safety shoes mandatory in your workplace or in particular zones.
  • Increase the slip resistance of floors with rough finishes that increase surface friction if appropriate.

     Eliminating safety hazards in the workplace and changing to pay as you go workers compensation insurance are two steps that might keep your workers compensation costs manageable. Contact Barrow Group for additional tips for reducing workers compensation premiums.


Topics: workers compensation, OSHA, Forklift Training, Hazard Training

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