Accidents in the workplace are unpredictable, but employers can do their best to plan for accurate reporting and recordkeeping. When it comes to workers’ compensation claims, time is of the essence. Prompt reporting of accidents and injuries reduces an employer’s workers’ compensation insurance costs. Why Timely Workers’ Comp Reporting Matters ‘Lag time’ is a key workers’ comp industry term that is defined as the time between the occurrence of a work injury and when a…
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