Assistance with Insurance Compliance for Small Businesses in Anaheim, Orange & Newport Beach
In certain industries, insurance companies will require businesses to submit a workplace safety plan before issuing a workers’ compensation policy. However, not just any safety plan will do. You can’t just download a generic workplace safety plan off the internet and expect that your insurance company will accept it. Your plan needs to be comprehensive and specific to your business, its equipment, and worksite(s). It needs to address the hazards inherent in your line of work and have a detailed program in place for things like safety training and incident reporting, as well as safety policies and procedures.
DTS specializes in preparing workplace health and safety plans that will help keep your employees safe, meet your insurance company’s requirements, and also meet Cal/OSHA and OSHA’s Injury & Illness Prevention Program (IIPP) requirement.
Saving Money on Workers’ Compensation Insurance
Workers’ compensation insurance is a necessary business expense in just about every state in the U.S. for companies with employees. In industries where employees are more susceptible to injury, the cost for workers’ compensation insurance can be substantial. You can shop around for the best rate, but there is another way to reduce your workers’ compensation premiums, which involves reducing your company’s experience modification rate, also known as EMR, ex mod, or x-mod.
In the simplest of terms, your company’s EMR is based on its payroll size and the frequency of employee claims. A high EMR, which means a company has an above-average number of claims, will result in higher workers’ compensation premiums, whereas a low EMR can lower annual workers’ comp premiums.
DTS can work with your company to put an actionable safety plan in place that will reduce work-related injuries, which can result in lower workers’ compensation premiums.
Why Work with DTS for Insurance Compliance?
Not every company has an employee on staff who is familiar with workplace safety, establishing policies and procedures, or developing safety training programs, nor do they have room in their budget to hire someone. When you work with DTS, you can bring us in on an as-needed basis to develop health and safety programs that will meet the requirements of your insurance company, as well as Cal/OSHA and OSHA.
Knowing that no two businesses are alike, we take a personalized approach to developing safety standards and programs. We work closely with you to help prevent work-related injuries and illnesses through a real, workable plan. Our rates are competitive—especially considering our personalized service and attention to detail.