Controlling workers' compensation costs is important for small businesses to manage expenses. Workers' compensation insurance is often misunderstood but can significantly impact a business's costs. Direct costs to businesses are nearly $1 billion per week according to OSHA, and indirect costs like lost productivity multiply those costs. Taking a strategic long-term approach to workers' compensation by focusing on safety and risk prevention through policies, training, and audits can help small businesses reduce costs and manage risk, especially during economic uncertainty.