Workers’ Compensation and OSHA: How They Work Together

Understanding how workers’ compensation insurance and OSHA regulations can work in tandem is essential for North Carolina business owners who want to protect their employees and their bottom line. While not directly related, abiding by OSHA’s standards and securing appropriate workers’ compensation coverage can both have a positive impact on employee health and safety and financial interests.

The Role of Workers’ Compensation Insurance

Workers’ compensation insurance is designed to blunt the financial impact of workplace accidents, potentially providing benefits to employees who are injured or become ill on the job. It may also assist with wage replacement and employers’ legal costs should an incident lead to legal action. In North Carolina, many businesses are required to carry this coverage.

What Is OSHA and Why Does It Matter?

The Occupational Safety and Health Administration (OSHA) sets and enforces standards for businesses to establish and maintain safe and healthy working conditions. OSHA compliance means following these regulations, which may include providing safety training, maintaining records of workplace injuries and correcting hazards promptly.

How OSHA Compliance Impacts Workers’ Compensation

Maintaining OSHA compliance can have a direct effect on your workers’ compensation program:

• Fewer injuries—Following OSHA guidelines helps prevent workplace accidents, which can reduce the number of workers’ comp claims.
• Lower costs—Fewer claims may lead to lower insurance premiums and less disruption to your business operations.
• Limited claims investigations—OSHA may investigate serious workplace incidents. Noncompliance can complicate claims and may even result in penalties.
• Improved reputation—A strong safety record can make your business more attractive to employees and clients.

Building a Safer Workplace

At Hampton Insurance Services, we can help your business identify risks, implement safety programs and verify compliance with both state workers’ compensation laws and OSHA regulations.

If you’re looking for OSHA guidance or workers’ compensation insurance in or around Clemmons, NC, contact us today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.