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Advice for Limiting Workers' Comp Bills
Mar 28, 2011, 10:28 AM
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.