Addressing the Workers’ Comp Exposures of Nonprofits
Workers’ Compensation insurance serves as a safety net for employees who become injured on the job. Nonprofits and social services organizations – just as with any other company – must comply with state laws in meeting their Workers’ Compensation obligation. What is critical for nonprofits is working with an insurance professional that can assist them in not only providing the coverage they need but also in putting cost-containment and loss prevention strategies in place in an effort to optimize workplace safety and drive down costs.
At BMT Insurance Advisors, we can support you to provide the required coverage and help you better control your Workers’ Comp costs. We offer the following:
- Statutory Coverages – Guaranteed cost, large-deductibles and self-insured programs, depending on the company size.
- Worksite Evaluation– We’ll help facilitate an analysis of worksite conditions to identify and eliminate existing or potential hazards.
- Cost Containment Services– Include pre-incident preparedness that outlines the steps injured workers and their supervisors should take in the event of an accident for employers, management, and employees; return-to-work programs designed to accommodate injured workers, modifying jobs to meet their capabilities and returning them to productive assets as quickly as possible; and injury-handling practices including medical management and claims processes.
- Loss Prevention – Implementation of a safety/injury/illness prevention program including safety training.
We can also assist you in examining your current policy, loss history, experience modification factor, and payroll audits for proper classification to see where improvements can be made.