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Tips for Reducing Workers’ Compensation Costs

Posted on: July 19, 2016 by Newmark Insurance

Regardless of the type of business, workplace injuries are a reality for everyone. In order for your real estate business to flourish, your employees need to remain protected at all times. Whether it’s ensuring their safety on the road while traveling to home listings or showing open houses in an unsafe neighborhood, there are various instances where your firm would be liable for injuries and damages. Therefore, it’s essential to cover your business with a Real Estate Workers’ Compensation insurance package.

According to an article in Insure On, striving for workplace safety by implementing the right reduction strategies is helpful, but sometimes these aren’t enough to prevent accidents. So, in addition, here are a few tips to promote a safe work environment.

  • Hold regular training sessions – Train employees on how to go about showing an open house in an unsafe neighborhood and inform them on the proper safety protocols for managing clients, driving practices, etc.
  • Emphasize ergonomics – This is important when positioning yourself to lift heavy boxes, reduce carpal tunnel, etc. As these injuries are common among office workers, ensure the right chairs, mouse pads, and keyboards are provided to reduce these claims.
  • Bring a friend along for safety – When visiting properties after hours, there can be an increased chance for assault, battery, and robbery-related claims. If your employees are showing a home at odd hours, require another colleague to join them.

At NewMark Insurance Services, we work to reduce your insurance costs while still providing you with a secure policy. Based on the insurers we work with, we offer services designed with lower premiums by reducing exposures, increasing workplace safety and containing costs. In addition, our staff can conduct a comprehensive review of your documents and review an existing policy for maximum effectiveness. For more information, call us today at 855.777.6549.

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Posted in: blog Workers' Compensation