Did you know that timely reporting is very closely tied to the total cost of a claim? Claims Manager Adelin Vinas talks about the importance of reporting Workers’ Comp claims quickly and promptly. Doing so can save your business considerable amounts of money.
Some key points to be aware of:
- Prompt treatment allows employees to heal quicker and have an early return to work
- Claims filed 15-28 days after an injury can cost up to 30% more than claims that are filed right after an injury
- Employee morale can be jeopardized, causing the claim costs to increase even more
Take your minor claims and use them as warning bells to implement further safety management practices into your business. By taking these precautionary steps and filing as soon as the injury occurs, you can lower the costs associated with Workers’ Compensation claims.