Risk management doesn’t have to be hard. There are simple steps that can cut down on workers’ compensation claims for your company as part of an overall safety program. A professional employer organization (PEO) like Progressive Employer Management Company can help develop and guide implementation of effective plans to protect your employees from potential workplace hazards.
With two of the most common types of workplace compensation claims being sprains and strains (often related to falls), your business can cut down on injuries by eliminating tripping or falling hazards:
In addition to taking these steps, offering a comprehensive safety training program ensures that all your employees are aware of what needs to be done to protect themselves. Establishing a safety and health program can save your business anywhere from $4 to $6 for every $1 invested. Any injury that is prevented reduces what your small- to medium-sized business spends on workers’ compensation claims.
It’s important to keep your workplace free of hazards and comply with standards, rules and regulations issued under the Occupational Safety and Health Administration (OSHA) Act. You can use the $afety Pays calculator on the OSHA website to help understand the financial costs of workplace injuries – even the seemingly minor ones. In addition, injuries increase the chance that OSHA will inspect your facility, putting your business at financial risk if issues are found. OSHA fines can range from $12,675 for each serious violation and up to $126,749 per willful or repeated violation.
At Progressive Employer Management Company, our experts can assist you with safety program development, worksite safety evaluations, risk management training resources, OSHA guidance, and serious accident investigation. We can help you get you on the right track to better protect your employees. Contact PEMCO today.