Your clients pay a lot of money annually in workers compensation costs. The amount goes up dramatically when the claims start pouring in. The job of workers compensation brokers is to shop for the best prices for the most comprehensive coverage so that their customers get the best bargain for their money. The best brokers also help clients find solutions that can help reduce the number of claims occurrence they experience annually, which helps solidify relationships between brokers, carriers and insureds.
Because workers comp represents a significant expenditure for small businesses across each industry segment it can be difficult to find a market for these smaller companies. You will benefit by partnering with a leading wholesale brokerage that has strong underwriting abilities and can help you secure workers compensation insurance for all of your small business clients in certain niches and geographic areas.
The top brokerage houses have the capability of catering to a broad range of small business owners and can assist you in helping clients with their safety programs, remain OSHA-compliant, prevent abuse of the system, as well as stem losses from fraudulent claims.
Return to work programs bolster owner-staff relationships
A business may suffer collateral damage when it loses an employee to an injury. Other workers may start to have concerns about their own safety, and will often determine their future with the company based on its response to the care and management of their injured cohort.
This is a situation that will oftentimes hurt the employer as well as the employee. That’s why it’s so critically important to get injured staff members healthy and back to work as soon as possible. This can be a significant morale booster company-wide. This also requires a quick response and some smart medical care along with superior claims management.
Having carrier partners that are known for their excellence in coordination with care providers so that employees get the care along with the proper amount of time to heal needed in order to return to productive employment in good time is vital. Give your clients the coverage they need by partnering with workers compensation brokers that give you a leg up on the competition.