What Is Return to Work Insurance?

Work Insurance

Of the 2.8 million work-related injuries and illnesses that occurred in 2018, approximately 900,000 resulted in employees spending days away from the workplace. If you operate in an industry where injuries and illnesses happen frequently, it’s likely that you already have worker’s compensation insurance. Return to work (RTW) programs, while not a form of insurance, can work in tandem with your insurance program by engaging ill or injured staff in light or alternative duties. Here are three advantages of implementing one of these initiatives.

  1. Save Time and Money

A RTW scheme can help you to avoid the cost and time involved in hiring and training temporary workers. Also, by returning employees to work more quickly, you avoid an extended outlay of workers compensation funds.

  1. Retain Skilled Staff

Injured employees who stay at home for a longer period are more likely to leave the firm as a result of becoming discouraged or finding a job with another company once their convalescence has ended.

  1. Improve Worker Relations

A RTW program can help staff to feel more valued in the workplace and less alone in confronting the challenges brought by their new circumstances.

Workplace injuries and illnesses may be commonplace in your industry. If so, a RTW program should be part of your risk management strategy. It will save your company time and money, while also increasing worker morale and productivity.