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Workers' Compensation is a major expense for construction firms today. A couple of ways to reduce costs, of course, is to reduce the frequency and the dollar amount of claims filed. But no matter how careful you are, accidents and injuries can still happen on construction sites.

So what can you do?

 First, implement necessary safety initiatives.

 Then, check and see that you're being billed accurately. For example, when you give your insurer payroll information, don't include premium overtime pay.

 Make sure your employees are properly classified for Workers' Comp reporting. The classification system is complex and often results in mistakes that can cost your company a bundle.

Contact M. Scott Hursh, CPA, CCIFP* Managing Partner of SNPC's Architectural, Engineering, and Construction (AEC) Group, to review your payroll records reporting information for Workers' Comp premium purposes. He can help determine if you've been assessed the correct premiums. He may even find out that your company has been overcharged in the past - and is entitled to obtain refunds.

Don't pay higher premiums than necessary! Call Scott at 717-757-6999 or 800-745-8233 or send him an email by using the form below.

*Certified Construction Industry Financial Professional
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