Adviser Fall 2018 Vol 1 - Page 9

This Is COOL Control WC Costs ... (Continued from page 7) Insurance Made Simple This might require a significant change in how you manage your safety program, but if your workers’ compensation rates are high, it may be time to make this leap. Tangible Benefits 1. Studies indicate there is a return on investment and that companies see direct bottom-line benefits with a properly designed, implemented and integrated safety program. 2. A competency-based safety program is compliant with OSHA requirements and therefore reduces the threat of Businesses that stop rising workers’ OSHA fines. compensation costs have an effective accident 3. A competency-based safety program lowers accidents, and fewer accidents lower workers’ compensation costs. When investigation process that flushes out the root incidents do occur, a competency-based safety program cause of the problem. fully evaluates the issue and finds the root cause to prevent reoccurrence and provides a workplace that is free from recognized hazards. 4. A safer workplace creates better morale and improves employee retention. Auditing keeps your programs fresh and effective, and drives continuous improvement. 5. A competency-based program produces people who are fully engaged in every aspect of their job and are satisfied and fulfilled, producing high-quality goods and services. How Can We Assist You? At Cool Insuring Agency, Inc., we are committed to helping you establish a strong safety program that minimizes your workers’ compensation exposures. Contact us today at 800-233-0115 to learn more about our OSHA compliance and safety program resources. Provided by Cool Insuring Agency, Inc. This Is Cool is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2010 Zywave, Inc. All rights reserved. leadingageny.org 8