If you purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today. If you purchased $1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today. Tough economic times call for aggressive measures. Invest in your company’s safety program and your injured workers return to work program.
Designing a good safety program can help with the rising costs of workers’ compensation insurance premiums. No business is immune to having injuries, they will happen! That is part of the cost of doing business. Having a safety plan is like ground zero; you need to look at your company as a whole and build from your safety plan. Evaluate the environment, the tools, the hazards, and overall safety of your employees. Prevention is the best way to save!
Hiring the right people for the job is an important factor in developing your safety plan. Start by being on top of your hiring policy and standards. Look for quality employees that suit your business and keep a close watch on potential hiring risks. It is crucial for businesses to protect their “advantage” and be proactive about worker’s compensation fraud. For instance, develop a firm policy when it comes to drug testing. Pre-employment and post-injury drug screening can make your workplace safer and avoid unnecessary costs related to accidents and injuries.
We all know that we can not line our warehouses and workplaces with pillows so no one gets hurt. So how do you deal with the ones that do get hurt? Are they getting modified duty right away? Are they going past the three day period before they can file a claim? Are they becoming litigated right away? Health and Wellness Rooms are your answer by offering streamlined claims handling and mediation between doctors, adjusters, and employers, as well as modified duty that is widely accepted by almost all doctors.
Close monitoring of each injured employee’s progress and updates are your way of remaining hands on with your injured workers. Add the Health and Wellness Room to your safety plan (IIPP) and keep the employee in the routine of going to work and not laying on the couch collecting TTD. Exercise and educational material are provided in the Health and Wellness Room to promote recovery and a safe return to work.
Investments are usually a gamble. But, with a good safety plan and a Health and Wellness Room on your list of things to invest in, you’re going to come out ahead. Lower your indemnity costs and premiums by reducing time loss at work with injured employees. A Health and Wellness Room is an investment that will show a return. Ask one of our specialists to further explain how Proof:Positive can turn your investment into savings.