Many small business owners struggle to stay ahead of the risks associated with workers’ compensation and workplace hazards. But you didn’t start your business to become a risk analyst. That’s exactly why you should outsource your risk management functions to a Professional Employer Organization (PEO) with risk management expertise like GMS.
The Real Risk of Workplace Injury
U.S. employers are responsible for dealing with the consequences of workplace injuries. According to OSHA, more than 4.1 million workers suffer a serious job-related injury or illness every year. These result in workers’ compensation claims for employers, increasing their insurance rate. According to the U.S. Bureau of Labor Statistics:
- Employers spent an average of $0.45 per hour worked for workers’ compensation.
- For a small business, workers’ compensation costs can vary from less than $100 to thousands of dollars a year per employee.
Many work-related deaths, injuries, illnesses, and consequential workers’ compensation costs are preventable. With the right risk management solution, you’ll create a safer work environment for your employees, resulting in fewer claims and a lower workers’ compensation insurance rate.
Outsourcing Risk Management Services
From cost containment to loss prevention, we do it all. When you partner with GMS, our risk management services include:
Workers’ Compensation Claims Management
The less claims you file, the lower your rate will be. Our dedicated team of claims investigators and nurse case managers will oversee the process of claims management and work closely with carriers to ensure your employees receive the right care at the right cost to return to work as soon as possible.
Take a proactive approach to workplace safety. GMS provides onsite consulting, jobsite inspections, job hazard analysis (JHA), standard operating procedures (SOP), and training services to keep your employees safe and your rate down.
More than a Risk Management Company
In addition to risk management, GMS provides a comprehensive offering of services for small businesses, including employee benefits and payroll administration.
Protect your employees and your business. Outsource your risk management services to GMS. Let’s get in touch.