Workers’ Comp Year-End Review

Obtenga una excelente cobertura en minutos
Solo debe hacer unos cuantos clics.

Year-End Workers’ Compensation Review

year-end reviewAs the year comes to a close, it’s a great time to do a workers’ comp year-end review. Why? Because details about your company, like your number of employees, likely changed since the beginning of the year.
Whether you hired more employees or downsized, a year-end review helps ensure you start the next year off with the right amount of coverage. It can also help you make sure you're not overpaying for workers' compensation insurance coverage.
Completing a year-end review doesn't have to be hard. In fact, if you have good documentation, it should be easy. Take a look through your claims, processes and insurance policy and keep these questions in mind:
  • How many claims of sick or injured workers did you make over the past year?
  • How many claims were processed or denied in the year?
  • What changes can you make to improve the process?
  • Do you need different coverages moving forward?
  • Are you ready for a workers’ comp audit if it happened today?
For example, if you notice your company made a large number of workers’ compensation claims, you may want to look into creating a safer work environment. 
Because so much can change with your small business in a short amount of time, you should do workers’ comp reviews at the end of each year. You can coordinate with your human resources manager to conduct a workers’ comp review at the same time as your team members’ year-end performance reviews. This creates a pattern and helps remind you to do both.

What Should I Look for in a Workers’ Comp Review?

Hartford workers' comp reviewMost states have workers’ compensation laws requiring certain businesses to carry coverage. If your small business changed in the past year, it's likely your insurance coverage needs did, too. If you hired more employees because your business grew, chances are you need more workers' comp coverage.
It’s a good idea to know how much workers’ compensation insurance coverage you need for the new year. As you go through your review, check your state's laws to see what it requires for workers' comp insurance.
As you look at your past year's claims, try to identify trends. Did more workplace accidents happen during a certain point in the year? Were certain types of employees getting hurt or sick from their job more often? These insights can help you create a safer workplace for your employees, which can reduce claims in the new year.
Your year-end review should also include a look at your process for filing a workers’ compensation claim to make sure your employees know how. The review is also a good time to check if your business has the correct policies in place for federal programs, such as the Family Medical Leave Act and Americans with Disabilities Act.

The Hartford Advantage for Workers’ Compensation

Workers%25E2%2580%2599 comp reviewWorkers’ comp can be confusing at times. At The Hartford, we try to make things as easy as possible for you. We designed our workers' compensation insurance to give you and your employees the tools and resources you need every step of the way.
Workers’ compensation insurance from The Hartford comes with these added benefits:
  • Pay-As-You-Go workers’ compensation billing solutions to help you manage your cash flow by making smaller payments throughout the year.
  • Nursed Back to Health program, which gives your employees access to nurse case managers to help coordinate care.
  • Preferred Medical Provider Network with over 1 million providers to help treat work-related injuries or illnesses.
  • Prescription drug features, which include access to over 65,000 pharmacies to fill prescriptions, typically with no out-of-pocket costs.

Get Competitive Workers’ Compensation Insurance Rates From The Hartford

Small businesses like yours have trusted us as their workers’ compensation insurance company for over 100 years. We understand your small business and its unique needs, and we’re here to help you every step of the way. Get your workers’ comp quote  hoy mismo.
Última actualización: 10 de mayo de 2024
Divulgaciones adicionales a continuación.
The Hartford no será responsable de ningún daño relacionado con el uso de la información proporcionada en esta página. Consulte con su agente/corredor de seguros o compañía de seguros para determinar las necesidades específicas de cobertura, ya que el contenido publicado aquí se ofrece con fines informativos solamente.
La información contenida en esta página no debe interpretarse como asesoramiento legal, de Recursos Humanos, financiero o de seguros específico, y no es una garantía de cobertura. En el caso de una pérdida o reclamación, las determinaciones de cobertura estarán sujetas al lenguaje de la póliza, y cualquier pago de reclamación posible se determinará luego de que se investigue la reclamación.
Ciertas coberturas varían según el estado y es posible que no estén disponibles para todas las empresas. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in the Aviso legal.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
* Los comentarios de los clientes son recolectados y tabulados por The Hartford y no representan a todos los clientes.