Over 60 percent of middle-market and small businesses are overcharged for their worker’s compensation insurance.

One of the primary reasons for this is their mindset toward the product.

If you still look at worker’s comp like insurance, .then you’re most likely part of 60 percent being overcharged.

The companies winning the worker’s comp game take a completely different approach.

We explain the video below….

Need Business Insurance?

Why are you being overcharged for your worker’s comp?

Well, one of the primary reasons is more philosophical than technical. Most business owners and CFOs don’t realize worker’s comp should be considered a financing mechanism for injured employees.

What does that mean?

You’re paying into what essentially becomes a fund to front the cost of employee injuries.

When an employee gets injured, and your worker’s comp policy pays out for the injured employee's expenses, your organization is charged over the next three years through your Experience Mod Factor.

When we think about worker’s comp more as a financing mechanism than an insurance tool, it becomes clear that our goal should not just be shopping our insurance and looking for a slightly lower price.

The key is to address employee-related issues creating and injuries.

• Why are our employees getting hurt?
• Why are they not coming back to work?
• Do you have a recovery or return to work program?
• Do you have a light-duty program?
• Are you educating your employees at the time of hire about your safety regulations and how safety plays a role in your organization’s culture?

Crafting a culture that focuses on communication, early reporting of injuries, and hiring a safety advisor, are just a few things your business can do to begin addressing employee injuries.

The idea here is that when you focus on employee safety and not just on the premiums, you can drastically improve the overall cost of your insurance program.

That’s how you improve your total cost of risk over the long term.

We’re talking about substantial and dramatic improvements in your total cost of risk. Still, it only comes from focusing on employee safety, limiting injuries, and, when the wounds do happen, having a culture that reports those injuries quickly and gets those people back to work as soon as possible.

These types of processes and programs take work; they take guidance.

That is what we do here at Rogue Risk.

Yes, we place your insurance for you, but that’s the commodity side of our business. What we do differently is help walk you through this process of building a safer enterprise so that you can make substantial improvements not just to what you pay but to the culture of your business.

People want to be safe. They don’t want to work in dangerous environments.

You may need to realize which aspects of your business are creating injuries.

We'd like to help you walk through that process.

We'd like to help you build that program.

Reducing your total cost of risk begins with a free Experience Mod Audit and Review.

The Rub

Workers' compensation should be clear, simple, and affordable. There is another way. At Rogue Risk, we help businesses overcome these obstacles.

If your current insurance professional has never addressed issues such as total cost of risk or return-to-work programs with you, I would like to encourage you to contact us today.

• You can call or text us at 518.960.6600
• Click here to contact us via email.

I'm excited to introduce you to a new viewing of your insurance program.

Thank you,

Ryan Hanley