Workers Compensation – Start the New Year Right With Safety and Loss Control Program Planning
Workers Compensation – Start the New Year Right With Safety and Loss Control Program Planning
Taking risks with employee safety and health leads to injuries and losses exerting a negative impact on your organization’s bottom line. An effective safety and loss control program identifies and controls or eliminates hazards, so injuries and losses are prevented. The result is a more productive and profitable organization.
To develop a safety and loss control program, management has to initiate action in the following areas:
- Identify the reasons why the program is needed and what success looks like. These objectives will help to determine the depth and scope of the program’s development.
- Write and communicate a policy statement to all employees. This statement should clearly outline program objectives, while indicating top management’s intentions and determination for achieving an effective program designed to provide a safe working environment.
- Assign responsibilities. An effective loss control program involves all staff functions, all levels of management and the labor force. Therefore, all employees will have responsibilities and involvement in the program.
- Establish provisions to ensure effective participation in the program by all levels of the organization. Employees should have the necessary time and resources to participate and have timely access to information about the program.
Workplace injuries will also affect your organization’s Workers’ Compensation rate. KMRD Partners understands the many issues that are part of the premium determination for Workers’ Compensation coverage, beginning with loss prevention and claims management.
Contact your KMRD Partners customer service representative, who can advise your company regarding worker safety procedures. They can also help detect systemic flaws in your risk management processes leading to an increase in your experience modification factor.
KMRD reduces the overall cost of risk by producing a greater value for each commercial insurance dollar spent, while utilizing an enterprise risk management approach to engineer the optimal solution.
We are dedicated to the mitigation of risk, safety and loss control and claims advocacy, while helping firms recover from unplanned events that wait on the other side of one minute from normal.
To identify and correct coverage and service gaps in your insurance coverage contact us at contactus@kmrdpartners.com before one minute from normal strikes.
Need to deliver better risk management results for your company? Schedule a brief demo of our unique collaborative risk management system, KMRD XChange.
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