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Workers Compensation premium payment tips

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Taggart Helpful Workers Compensation Tips 

3 Tips That May Reduce Your Premium Payable 

  1. Report all claims within 5 days of being notified. This will ensure that you do not incur an excess fee of the first week’s wages. 
  2. Always try to offer your injured workers suitable duties.  A claims costs is mostly made up of wages. If you can offer suitable duties your insurer can reduce the claims estimate. 
  3. Contact us for a pre renewal claims review at least 6 weeks before your renewal date. This will ensure your insurer will have enough time to finalise any outstanding claims matter before the renewal date.

The above tips may help in keeping the cost of your workers compensation premium down.  Please give us a call if you would like any assistance with your workers compensation insurance.

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