WORKERS'
COMPENSATION
Call us today to speak with a Specialist:
Toll Free: (866) 728-6425
The hidden costs of a Workers' Compenstaion claim:
You can be sure that direct costs, such as medical and indemnity expenses, are covered by your policy. But
what about hidden or indirect costs? When you take a closer look, you’ll find that indirect, or hidden costs can
stack up quickly:
You may also incur fines from OSHA, hearing costs, third-party liability and legal actions and increased
Workers’ Compensation premiums. In fact, hidden costs can add up to as much as four to seven times the
insured cost, and that’s a conservative estimate.
What can you do?
You can take steps to reduce the hidden costs not covered by insurance by implementing an accident
prevention and loss control program. An effective safety program can also help lower direct costs, including
insurance premiums, compensation and deductibles. Our team of insurance specialists can help you to
organize an appropriate safety prgram for your industry.
A little training and education can go a long way:
- Ask a trusted employee to be responsible for inspecting your premises and reviewing your operations
monthly.
- Ask each employee to identify and eliminate workplace hazards.
- Maintain records to evaluate progress in hazard detection and correction.
Just taking a moment to follow these simple steps can save you time and money and protect the lives and
well-being of your employees. Contact us so that we may assist you in coordinating with a loss control
consultant to help you create acustomized accident prevention program and ask about developing a self-
inspection program for your business. We will be glad to help you prevent accidents and save money before
there is a loss.
COMPENSATION
Call us today to speak with a Specialist:
Toll Free: (866) 728-6425
The hidden costs of a Workers' Compenstaion claim:
You can be sure that direct costs, such as medical and indemnity expenses, are covered by your policy. But
what about hidden or indirect costs? When you take a closer look, you’ll find that indirect, or hidden costs can
stack up quickly:
You may also incur fines from OSHA, hearing costs, third-party liability and legal actions and increased
Workers’ Compensation premiums. In fact, hidden costs can add up to as much as four to seven times the
insured cost, and that’s a conservative estimate.
What can you do?
You can take steps to reduce the hidden costs not covered by insurance by implementing an accident
prevention and loss control program. An effective safety program can also help lower direct costs, including
insurance premiums, compensation and deductibles. Our team of insurance specialists can help you to
organize an appropriate safety prgram for your industry.
A little training and education can go a long way:
- Ask a trusted employee to be responsible for inspecting your premises and reviewing your operations
monthly.
- Ask each employee to identify and eliminate workplace hazards.
- Maintain records to evaluate progress in hazard detection and correction.
Just taking a moment to follow these simple steps can save you time and money and protect the lives and
well-being of your employees. Contact us so that we may assist you in coordinating with a loss control
consultant to help you create acustomized accident prevention program and ask about developing a self-
inspection program for your business. We will be glad to help you prevent accidents and save money before
there is a loss.
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LANGER INSURANCE
"Peace of Mind for All
of Your Insurance Needs"
of Your Insurance Needs"
Toll Free: (866) 728-6425 Fax: (661) 999-6666
LANGER INSURANCE
- Time lost from work by injured employees
- Time lost by supervisors to investigate accidents
- Economic loss to an injured employee’s family
- Time lost by fellow employees
- Loss of efficiency due to break-up of crew
- Cost of training replacement
- Damage to tools and equipment
- Spoiled work
- Loss of production
- Spoilage – fire, water, chemical, explosives, etc.
- Failure to fill orders, loss of customers
- Loss of employee morale
- Fines by regulatory agencies
- Time lost by supervisors to investigate accidents
- Economic loss to an injured employee’s family
- Time lost by fellow employees
- Loss of efficiency due to break-up of crew
- Cost of training replacement
- Damage to tools and equipment
- Spoiled work
- Loss of production
- Spoilage – fire, water, chemical, explosives, etc.
- Failure to fill orders, loss of customers
- Loss of employee morale
- Fines by regulatory agencies