To most employers, Workers Compensation insurance is a necessary evil. Not only a statutory requirement, it ensures that employees injured in the course of their work are taken care of. It can, however, be very costly, particularly for larger companies where the premium is based, in part, on claims experience.
Work accidents can never be completely prevented, however, with the implementation of safe work practices and a strong rehabilitation policy, the number of incidents and time lost will be significantly reduced. This will result in lower claims costs and, therefore, lower premiums. Productivity losses are also minimised with injured workers rehabilitated for a quick return to work.
An employee being injured on the job affects several parties.
The injured worker and his family need to be reassured that
i. his medical needs will be attended to
and
ii. the family will not suffer financially.
Colleagues and Workmates need to be reassured that the injured worker is being taken care of properly and that management is supportive. They also need to be kept updated on his progress and expected return to work.
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