5 Smart Ways to Lower Your Workers’ Comp Costs

Protect your team. Protect your bottom line.

When you’re running a business in Central Texas, a lot rides on your team—so keeping them safe (and your insurance costs in check) is a big deal. Workers’ compensation insurance is designed to protect both your employees and your business if someone gets hurt on the job, but those premiums can sneak up fast if you’re not careful.

The good news? You’ve got more control than you might think. Let’s break down five tried-and-true ways to keep your workers’ comp costs manageable—without cutting corners on safety or coverage.

1. Make Safety Part of Your Company Culture

It’s not just about hard hats and warning signs—true workplace safety starts with mindset. Encourage everyone on your team to report hazards, ask questions, and follow procedures. Regular safety meetings, walk-throughs, and even quick toolbox talks can go a long way in reducing workplace injuries—and your premium.

Bonus Tip: Insurers often give discounts to businesses with documented safety programs. Win-win.

2. Stay on Top of Claims

When an injury happens, time is critical. Report incidents right away and work with your claims adjuster to stay updated. Delays can lead to higher claim costs and even red flags on your record.

Also, check in with injured employees regularly. A little compassion can help speed up recovery and reduce downtime (and claims expenses).

3. Implement a Return-to-Work Program

Having a clear plan in place to bring injured workers back on light duty—even part-time—can help lower the total cost of a claim. It keeps employees connected to the team and reduces the length (and cost) of lost time.

Even modified tasks like answering phones or filing paperwork count. The goal? Help them recover while staying productive.

4. Review Your Classification Codes

Workers’ comp rates are based in part on how your employees are classified. Got someone doing clerical work listed under a high-risk role like roofing? You’re probably overpaying.

Make sure your payroll records are accurate, and update your insurance company any time roles change.

5. Partner With a Pro (Like Us!)

As an independent insurance agency, we’re here to help you shop for the right workers’ comp coverage—and guide you toward risk management strategies that make sense for your business.

We’re local, we know the unique needs of Central Texas businesses, and we work with multiple carriers to get you competitive rates that don’t compromise on protection.

Final Word:

Workers’ comp isn’t just a box to check—it’s a vital part of your business safety net. With the right strategy and the right insurance partner, you can protect your employees and control your costs.

📞 Need a second look at your current workers’ comp policy? Let’s talk.
Reach out to Dowd Insurance Agency today for a free review and custom quote.