Are you prepared for what may come if an employee of yours becomes injured while at work? You must first make sure you are equipped with the tool to offer the proper immediate care that they may need, such as emergency services or medical attention. Prioritizing your employees’ safety above all else is not only good ethics, but it is a way to protect yourself as well. If their safety ever becomes jeopardized, it is in your best interest to act quickly and take the measures to manage those injuries, such as having your worker’s comp insurance step in, but this security can get pricey. Luckily, there are some ways to keep your premiums low.

Modification Factor

A modification factor (also known as a mod) compares anticipated losses of a business in the same industry to your business’s actual losses, factoring in risks and claims. It is likely that it will make a difference in what you pay for workers’ compensation and determine if losses make sense for the circumstances. The size of your company, if there is significant unexpected loss, how often loss occurs, and the severity of losses are all factors of the comparison. Data will be collected to figure out your score, which will be added or taken away from your premium. If your losses are better than they could be, you may qualify for a credit, and your premium may be lowered.

Safety Culture

It is crucial that all employees are trained on proper safety protocol. Ensure that thorough training is done to know the value of safety procedure compliance. Speak about safety in training sessions and also in casual discussions around the workplace regularly. If safety is always top of mind for employees, it will make a huge difference. When hazards are reduced, the workplace runs much more efficiently. Emergency announcements should be ready to go with everyone in the know about how to respond. An ergonomic workplace with minimal distractions is also vital to the well-being of your operations. Fewer accidents mean a more minor claims history, resulting in a lower compensation premium for workers.

Return to Work Program

Return to work programs will allow employees who have been injured to return to work when it actually makes sense for them to do so and modify tasks in a way that they’re physically capable of performing. The work that is assigned to the injured employee must be designed in an intentional way. It should not just be busy work, and they should feel like they are adding value. Employees should not feel as if they are being punished for having to take a leave. A strong return to work program implemented is another great thing to show to your agent.

Investigate Accidents

All accidents should be promptly and very carefully investigated. Speak with several witnesses to determine what took place. Thoroughly inspecting the accident location within 48 hours of the incident with your witnesses is helpful for better recollection. Also, keeping your records clear and organized will help you prevent these types of accidents from occurring again, which will help lower workers’ compensation premiums. Evaluate any areas where you could improve safety. Determining what caused an incident that may have led to an injury waiting to happen puts you in a much better preventative position.


Always be quick to document all workplace accidents. Therefore, employees should know that they must inform you of any accident as soon as possible. The employee’s supervisor, the medical professional, along with the HR team should all have copies of the report. Keep in mind that there will likely be several reports that must be filed, so you may want to check with your agent about what you legally require reports. To help streamline the reporting process, all job classifications and payrolls must be accurate. This will allow the workers’ comp to match the documentation and hopefully help with costs.

About Thayer Innes and Freeman Bunting Insurance Agencies

At Thayer-Innes Insurance Agency and Freeman Bunting Insurance Agency, we strive to provide comprehensive insurance solutions to support Ann Arbor homeowners. Our homeowners’ policies can be tailored to meet your specific risk exposures and provides much more coverage than a traditional policy, giving you the peace of mind you deserve. For more information about our products, contact us today at (855) 395-6316.