One type of insurance coverage that many business owners in Oklahoma City, OK need is workers comp insurance. We are proud to provide you with a workers comp insurance solution at S & S Insurance Services Inc.
The following are three mistakes to avoid when it comes to workers comp insurance.
Failing to monitor and track payroll well enough
Payroll is an important financial consideration for gauging and tracking your worker’s comp insurance needs. Therefore, you need to make sure that you’re carefully monitoring and tracking payroll.
Track the number of full-time, part-time, hourly, and temporary workers you have at your company. All of these considerations impact your worker’s comp insurance needs.
Being unaware of requirements in place in your area
Perhaps one of the most important things to do before selecting your policy is to learn about any applicable workers comp requirements you need to meet.
You may be legally required to carry workers comp coverage if you have employees at your company. However, the specific requirements regarding workers comp insurance vary by state. It’s important to understand your state and municipality requirements when you’re looking for a policy.
Not making updates to improve workplace safety.
There may be some important updates you can make to your company facilities to minimize the chances that injuries will occur. Making such updates can qualify you for workers comp insurance at a reduced price while also keeping your staff members safer.
Are you on the market for the right worker’s comp insurance policy for your company in Oklahoma City, OK? We can help you find the right solution at S & S Insurance Services Inc. Get in touch with us today to explore our policy options.