Fraud: No Small Matter For Small-businesses

’ compensation, which is required by law in* No witnesses/tips from co-workers —
nearly all 50 states, provides medical and disabilityBe cognizant of alleged accidents with no
coverage for employees who are injured on thewitnesses, particularly if the employee’s
job. Employers’ Liability, typically included ontasks involve working with others. Take note of
a Worker’s Compensation policy protectstips from co-workers who may suspect fraud.
employers from liability for an accident involving* Inconsistent accounts of the accident —
an employee. Because it is required, businessThe employee making the claim may give varying
owners often view it as a burden and anotherreports of the accident to the employer and the
operating expense, but it can safeguard adoctor. Also, watch for differing reports from the
company from the exorbitant costs of defendingwitnesses and the injured employee.
claims, even if those claims are considered to be* Cannot recall details — The injured
fraudulent. Requesting Workers’employee may not be able to provide specific
Compensation insurance quotes from severaldetails of the injury, or the date, time and location
companies can help business owners find theof the accident is unknown.
most cost effective coverage, as well as ensureTo reduce the risk, business owners should
they are adequately covered.implement a few prevention tactics. It is often
Consider that in 2007, according to the Bureau ofeasier to prevent fraud than to fight it.
Labor Statistics, there were more than 335,000Additionally, keeping claims to a minimum will help
cases of employees injured on the job due toprevent Workers’ Compensation insurance
contact with objects and equipment. How manycompanies from increasing rates. Prevention
of those were valid claims, and how many weretactics might include:
found to be fraud?* Focus on safety — Make the work
Often employers can uncover fraudulent claims,environment as safe as possible, this will reduce
and are typically in the best position to do so.the chance for accidents and provide little
Workers’ Compensation fraud is whenopportunity for an injury to be faked.
employees knowingly lie to collect benefits. For* Know who is being hired — Background
instance, if an employee claims an injury ischecks and verifying references on all applicants
work-related, when in fact it is not, or theycan help employers avoid possible pitfalls.
exaggerate an injury, or continue to work,* Educate employees — Demonstrate to
secretly, while gathering benefits. There are alsoemployees how fraudulent claims often cause
several proactive steps business owners can takeWorkers’ Compensation insurance
to identify and fight fraud. Some red flags to lookcompanies to increase premiums, which could
out for include:result in lay offs, loss of benefits or bankruptcy.
* New employees — Statistics show the* Implement a return-to-work policy —
newer the employee, the greater the chances ofEmployers should develop a program, and explain
fraudulent claims.to applicants, that they will work closely with the
* Disgruntled employees — In some cases,medical care provider to help them return to
employees who are demoted, fired, laid off orwork as soon as possible.
denied vacation time, believe they have good* Continued communication — Maintain
reason to file a bogus claim.regular contact with the injured employee while
* Employee is unreachable — If thethey are away. Document every contact and
employee is difficult to contact, or never home,attempt at contact.
they may be holding down a second job while* Implement a zero-tolerance policy — Be
collecting benefits. This is referred to assure employees understand that fraudulent claims
“double-dipping” and is considered fraud.can result in termination or prosecution.
* Accidents occur on Fridays or MondaysIt is increasingly important employers review their
— When accidents occur on either of theseWorkers’ Compensation insurance policy to
days, and other red flags appear, suspicion shouldensure they are adequately covered.
be raised.