Substance abuse affects 70% of US businesses
Substance Abuse Policy
Substance abuse affects 70% of US businesses, according to a recent study fielded by the US Department of Health and Human Services.
- Substance abusers represent approximately 17% of the average workforce.
- Substance abusers typically cost a company about $7,000 per user, per year.
- Substance abusers cause 35% of all industrial injuries and fatalities.
According to the National Council on Compensation Insurance, substance abusers are responsible for 38% – 50% of all workers compensation claims.
Since substance abuse represents a significant problem, businesses need to prepare and develop a process and policies to address the issue. We recommend involving your risk management team (broker, HR and legal counsel) to assess, develop and execute a policy for your business which specifically addresses the issue of substance abuse. It may involve additional resources such as an Employee Assistance Plan (EAP) to really protect and value both the business and your employees.
Contact your trusted, knowledgeable KMRD Partners relationship manager to review your organization’s insurance coverage before one minute from normal strikes.
For more information on Workers Compensation Risks, click here.
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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