The BizFilings blog covering business tips and trends.
Advice for Limiting Workers' Comp Bills
Published on Mar 28, 2011
Read our article, 'Advice for Limiting Workers' Comp Bills' at 'Time to Start Up,' the small business blog by BizFilings.
Healthcare costs are already out of control for small businesses; the last thing entrepreneurs forming a business need is a bloated workers' compensation bill.
Consider a recent court ruling in Montana, wherein a man was granted workers' comp for being mauled by a grizzly bear, despite having acted "mind-bogglingly stupid" by smoking marijuana and then deciding to feed the animal in a free-roaming bear reserve, according to the New York Daily News.
The lesson: Stupidity does not disqualify entitlement for workers' compensation. However, business owners can still cut back on the impact of the expense by promoting both a safe work environment and business practices.
"Be sure to provide the proper training and instruction employees need to perform their jobs safely - starting on day one," writes Don Sadler for AllBusiness.com. "Then look for opportunities to offer ongoing education in the form of workshops, training, and seminars to help employees stay up-to-date on the latest safety practices for their jobs."
Businesses can also implement a corporate wellness or incentive program that rewards healthy living. However, even the most expensive and comprehensive strategy cannot eliminate the possibility of human absentmindedness or foolishness.