If you have an auto dealership, your employees are an indispensable part of the business. Your workers are invaluable, and it’s important to make sure they’re protected should they get injured on the job. That’s where workers’ compensation comes in. We’ll explain what workers’ comp is and why it’s important for your auto dealership. (And we’ll even throw in a few tips for lowering your workers’ comp expenses.)
What is workers’ comp insurance?
Workers’ compensation insurance is a really important coverage for any business to consider, and for auto dealerships, where your employees are working with cars it’s crucial.
Workers’ compensation insurance can protect your employees if they’re injured on the job. It can cover their medical expenses so they can focus on recovering and getting better – and so they get the care they need. But it doesn’t stop there. It can also cover a portion of their lost wages if they can’t work because of the injury they sustained. It can also provide disability if an employee is left disabled due to a work injury. And in the worst-case scenario, if an employee were to be killed on the job, it can give death benefits to the employee’s dependents.
That’s why workers’ compensation insurance is such a big deal. It can really make a difference to your employee if they get hurt while working. Working around cars can be dangerous – there’s a lot of potential hazards your employees are up against.
Some examples of workers’ comp risks at auto dealerships (particularly repair operations) include slips and falls, back strain, and hernias.
How you can lower your workers’ compensation expenses.
Although the importance of workers’ comp is pretty evident, you might be a bit concerned about how much it’s going to cost. The good news is that there are a few strategies you can employ to manage your workers’ compensation costs. Here’s what you can do to save money on your insurance:
Emphasize the importance of a safe workplace. You’ve got to keep up a high level of safety so that your employees can avoid injury. Make sure that this is clear to everyone.
Have a return-to-work program. By having a return-to-work program, you can help your employees come back to work by providing them with modified duties that they can manage while they recover.
Spend time on training. It’s also really important to have plenty of training for your employees so they understand the risks they’ll encounter on the job. They need to know best practices for doing their jobs safely.
Make sure claims are reported ASAP. Your employees need to know why it’s important for them to report any claims as soon as possible. That way you can get things started with the workers’ comp process and make sure the employee gets the help they need while they recover.
Investigate injuries. If an employee is injured on the job, you need to investigate what happened. That way, you can understand the causes of the incident and take steps to prevent the same thing from happening in the future.
Get workers’ comp for an auto dealership.
Workers’ compensation is an important coverage for auto dealerships. It can cover your employee’s medical costs if they get injured on the job, and it can give them some of the wages they lost while unable to work due to their injury. By emphasizing safety and training your employees, you can manage your workers’ comp rates.
If you’re in need of workers’ comp insurance for your auto dealership, our team would be happy to help. You can fill out our online form, give us a call, or message us on LiveChat to get in touch with our team. We strive to make insurance easy and help businesses save money on the coverage they need.