Every small business is required to report injuries, illnesses, and deaths that happen in the workplace to OSHA and their respective state's workers' comp division. Failing to do so within its state's allotted timeline can result in significant penalties. Every small business is required to report injuries, illnesses, and deaths that happen in the workplace to OSHA and their respective state's workers' comp division. Failing to do so within its state's allotted timeline can result in significant penalties. (Photo: Sorn340 Studio Images/Shutterstock)

Workplace injuries are a reality that many small businesses face — especially those in higher-risk industries such as manufacturing, construction and transportation. Workplace accidents happen, regardless of the industry, so it's important to understand the benefits of efficient reporting of workers' comp claims. The amount of time it takes to report claims can have a real impact on employees and a small businesses' bottom line.

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