Staying on the right side of the law is something all business owners want to do, but it can be a difficult challenge when it comes to workers compensation.
Staying up-to-date with any changes to legislation or policies is vitally important, as missing any major amendments could have a significant impact on your business.
The problem many businesses face, especially as they grow, is dealing with employees who may try to test the bounds of what they are entitled to under workers compensation.
Here are four tips to ensure you avoid legal troubles when it comes to workers compensation.
Communicate: Make sure your employees are aware of how seriously you take workers compensation payments and applications. Clear communication in this area will ensure that firstly, employees feel comfortable about the arrangements in place, and secondly will ensure employees know that you’re aware of all the legal policies that surround workers compensation.
Put somebody in charge: Put a senior person in your organisation in charge of workers compensation. This will ensure you don’t miss any important changes or legal complications that may arise. Have this person develop internal policies (in line with legal requirements) and be the first port of call for any employee enquiries.
Review your policies: It’s important to constantly review your workers compensation policy. Perhaps a better deal will arise, or better inclusions will exist with another provider. Or what if a particular policy has changed and it’s not beneficial for your business? Don’t just hit the renew button when your policy expires – take the time and do your research.
Have systems in place: If you suspect something is amiss with a particular employee’s claim, it’s important that you follow proper processes. Make sure you have a system in place to challenge claims. These systems should be developed with your legal representatives and relevant senior people in your organisation.
In short, as a business owner or manager, workers compensation will be one of the most difficult things you have to deal with.
It’s important that you dedicate plenty of time to it, otherwise you could face very significant problems that may prove costly.
To take advantage of the knowledge and expertise that we at i3 Group are able to offer give us a call today on 1300 725 647.