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Keeping rates low

So you'd like to lower your rates, but you don't have a lot of extra time to devote to it. Here are a few tips that may help:

Controlling your costs

For quick tips on controlling-or even reducing-your workers' comp insurance costs, see our one-pagers on:

Prevent workplace injuries

Putting programs and policies in effect that prevent workplace injuries can go a long way toward keeping your rates low. A few examples:

  • Establish a safety program 
  • Establish a return-to-work program 
  • Implement "best practices" for recruiting, hiring, training, and retaining a skilled workforce

Learn more in the Safety and Getting back to work sections on this site

Effectively manage all claims

How you manage claims can impact your rates. The most important things you can do are:

  • Always report workplace injuries as soon as you can. You have five days to file a claim from the date you were told the employee wants to file—but the sooner the better. 
  • Help injured workers return to work as soon as they are medically able. 
  • Focus your efforts on reducing the number of time-loss claims.

Learn more in our Filing and managing a claim section

Submit accurate payroll reports

Accurately reporting your payroll can save you time and money. But there's a lot to know in order to file a correct report:

  • Use appropriate class codes when submitting your payroll report 
  • Know which workers should be included or excluded 
  • Know which payroll should be included or excluded 
  • Keep verifiable time records

Learn more in our Reporting payroll section

Consider the Nondisabling Claim Reimbursement program

This program could help you reduce or eliminate claim costs that are considered when determining your future experience rating modification factors.

Complete the application form if you are interested in applying for this program.

Premium credit application

This application is for policyholders or agents to complete.

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