How to Lower Your Premiums Step 2: Leverage Premium Credits
Did you know that most states offer premium credits to employers that participate in certain safety, drug resistance and managed health care programs?
The purpose of these programs is to establish preventative measures that can help reduce safety hazards; since a high number of workplace illnesses or injuries can drive up workers’ compensation claims and costs. Once a business has successfully implemented an approved program, their insurance carrier’s underwriter may then apply a credit to the policy that may reduce their workers’ compensation premiums by a percentage.
How can your business become eligible for these credits?