From manufacturing to construction to agriculture, most industries involve some level of risk. For workers, these risks require a thoughtful consideration of the payout and potential. For employers, risks require insurance.
Insuring your employees against injury and illness has long been one of the basic costs of doing business. However, relying on insurance alone will benefit neither you nor your workers. Ultimately, keeping workers safe and costs under control requires preventive practices and safe behaviors.
A well-planned safety program is the best way to implement these practices into your workers’ day-to-day workflows. In fact, the Occupational Health and Safety Administration (OSHA) has determined that successful health and safety programs reduce injury and illness costs by 20 to 40 percent. The following are a few of the most important ways a safety management system reduces costs to insurance companies and, ultimately, to you.