Currently Reading

Lower Workers' Compensation Costs by Having a Plan

Advertisement
Jobsite Safety

Lower Workers' Compensation Costs by Having a Plan


November 17, 2020
Construction workers
Photo: ucarer

Having comprehensive plans in place are the most impactful way to mitigate workers’ compensation costs, says the National Association of Home Builders. There should be a detailed safety training program in place to prevent jobsite accidents, which then inherently lowers workers’ compensation costs. Some incidents cannot be prevented, such as accidents that even builders with a safety-first mentality encounter. When that happens, there should be another plan in place. A Carolina home builder teamed up with an insurance expert to help builders figure out each step of their plan for when a worker gets injured. Read more to see what they suggest.

Alan Banks, a home builder in the Carolinas, teamed up with insurance expert Treacy Duerfeldt of the Nationwide Contractors’ Alliance to create a video explaining exactly how home builders can reduce their workers’ comp costs.

The video, embedded below, notes that the best path to lower costs is having a plan in place to deal with injuries that includes:

Knowing the location of the closest healthcare provider for each job site;
Having a policy that prevents injured workers from driving themselves to seek medical care;

Read More

Related Stories

Labor + Trade Relations

How to Keep Team Motivation High and Create a Healthy Workplace

With numerous new challenges, concerns, and worries facing construction workers today, boosting workplace morale and improving on-site safety may not be easy, but it's essential

Electrical

Will GFCI Revisions for Manufacturers Confuse Trades?

The back and forth on changes for ground-fault circuit interrupters and revisions to UL 943 has the potential to affect not just the reputations of home builders, electricians, and manufacturers, but the safety of homeowners and consumers as well 

Human Resources

Samantha Lewandowski on Recovery-Friendly Workplaces

New Hampshire's Recovery Friendly Workplace initiative—helping people with substance abuse disorders

Advertisement

More in Category




Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.