An Entertainment Workers’ Compensation Update
There are over 4.1 million workplace injuries in the Unites States each year, according to OSHA. Employers spend about $155 billion on work related injuries each year. There is no doubt workers’ compensation is a big expense for employers.
The good news is there are many actions an insurance agent can do to help employers reduce workers’ compensation costs.
- Search the market for options and program designs that fit the individual needs of each employer.
- Help build a bridge between the insurer and business.
- Educate employers about how workers’ compensation works.
- Work with employers in the development of a safety program.
- Analyze all classifications to make sure they are correct.
- Help the company prepare for the workers’ compensation premium audit.
- Provide the framework for an early return to work program.
- Help the company review accidents and claims to determine trends and then create safety solutions.
- Facilitate a claims review with the insurer to make sure all claims are being processed correctly.
- Be a resource to the business by bringing in other service providers to solve problems; i.e., attorneys, safety professionals, and third party claims consultants.
Workers’ compensation is an important part of your entertainment insurance program. It is required by state law that your business has workers’ compensation insurance.
The staff at John Hart Insurance has over 60 years combined experience in the field of entertainment insurance. We focus exclusively on understanding the unique needs of motion picture, television, video, music and theatrical companies. This knowledge base allows us to structure an insurance program specifically for each client that will be a balance of the best coverage and most economical solutions to help them manage the risks inherent to their unique businesses.