Small construction Co. Workers Comp.
I am actually asking this question for a friend that owns a small construction business. He has recently had a string of 3 people falling off roofs and getting injured . His workers comp. has gone up so much it looks like he will have to go out of business. Are there ways to save the business. For example if he implements OSHA type safety protocalls or starts a new business or any good idea. He has been in business for a long time and run into a rough string and I would like to find a way to point him in a direction so that he can save his business.
Thank you, Brian
It sounds like you’re a good friend. Yes, implementing safety protocols will help, But at this point, your friend may need to completely reconsider his employment model and switch to a PEO. A PEO (professional employer organization) can pool his workers with other businesses to get lower worker’s comp rates (workers from all construction companies will be pooled / shared experience modification rate).
However, no PEO is going to want to take on an employer with poor safety practices, so your friend is going to have to get serious about on-the-job safety, and convince the PEO of that in order to be accepted. Here are a few articles that may help! I recommend he contact the Huldisch Group to have them recommend the best PEO for his business (there’s no charge/free consultation).
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