{"id":5109,"date":"2016-04-04T10:47:57","date_gmt":"2016-04-04T15:47:57","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/liability-and-insurance\/suggestions-for-maintaining-workers-comp-coverage.html"},"modified":"2024-05-23T02:21:56","modified_gmt":"2024-05-23T07:21:56","slug":"suggestions-for-maintaining-workers-comp-coverage","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/liability-and-insurance\/suggestions-for-maintaining-workers-comp-coverage.html","title":{"rendered":"How To Save on Workers’ Comp Costs"},"content":{"rendered":"\n
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How To Save on Workers' Comp Costs<\/h1>\n
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\n By Susan Buckner, J.D.<\/a> | Legally reviewed by Susan Mills Richmond, Esq.<\/a>\n | Last updated\n
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Editorial Note: We earn a commission from affiliate partner links on FindLaw. Commissions do not affect the editorial integrity of our legal content.<\/p>\n\n <\/div>\n \n

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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Like all businesses, small business owners must protect their employees. This includes having workers’ compensation insurance coverage. All states except Texas<\/a> require every business with even one employee to have workers’ compensation insurance.<\/a><\/p>\r\n

Workers’ comp can be expensive. But it protects employers’ liability for on-the-job injuries. There are ways to reduce the cost of your workers’ comp insurance policy while protecting your employees from injuries on the job.<\/p>\r\n

For more information, visit FindLaw’s Workers’ Compensation<\/a> page.<\/p>\r\n

Keep Your Policy Up To Date<\/h2>\r\n

The best way to lower your premiums is to keep your workers’ compensation policy data current. Your insurance carrier calculates premiums based on the number of workers insured and other factors called \u201cratings." Your \u201cratings" must be accurate for an accurate premium.<\/p>\r\n