Approved Education

Reducing Workers' Comp for Contractors - 8 Insider Tips

Provider: Hanley Wood Exhibitions - World of Concrete
Discipline: Safety
Credits: 1.5

Contractors' workers' compensation costs are more than the premiums paid. In fact, the direct costs of workers' comp often represent only 20-30 percent of overall injury expenses. Indirect costs-including overtime, temporary labor, increased training, supervisor time, production delays and more-represent several times the direct cost of the injuries. This session delivers strategies that concrete contractors can use to reduce their direct and indirect workers' compensation costs.

Learning Ojectives:

1. Recognize common errors in calculating workers' comp payments
2. Learn how to selectively use modifiers to lower workers' comp premiums
3. Understand how to reduce workers' compensation premiums by tracking details like start and stop times and cost codes
4. Compare how an electronic timekeeping system can reduce workers' comp costs

For more information or to register please contact Bonnie King at bking@hanleywood.com, 972-536-6416 or visit www.worldofconcrete.com.

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