Ask Workmen's Compensation Insurance Companies For Discounts For Employee Safety Training

If you own a small business you should ask your insurance broker to contact their underwriter for worker's comp, especially if you hadn't have many claims in the last year. You should ask them for a discount.Whereas, you may not get a discount or reduction in worker's compensation premiums, you may not get the price increases that all the other businesses in your industry are getting. Further, while you are at it you should be asking your insurance broker for discounts on premiums due to your employee safety training.Even if the underwriter says they cannot do this for you, it will open a dialogue between your commercial business insurance broker and the underwriter and they may come up with ideas to help you reduce your workers compensation premiums. It doesn't hurt to ask, and sometimes the insurance companies have safety workplace training programs themselves, many of these are voluntarily available to business owners. You should take advantage of this if you can.This due diligence will also help you in case of a lawsuit, because you can prove, and document that you are progressive in working towards a strong workplace safety environment for all your employees. You never know, when an employee might try to file a fake claim, raising your premiums, and then suing you in court.Being able to prove that you go beyond the normal OSHA standards in training your employees with all the safety issues may end up saving your business in case of a top-notch litigating lawyer trying to sue your business into oblivion. Please consider all this.