Certain industries have always had high workers' comp costs. Manufacturing and Construction top the lists for worker injury and death, respectively.
Employers with high levels of on-the-job injury can minimize employee risk, workers' compensation cost, and employer liability by making certain changes.
For one, employers may consider taking on loss-sensitive workers' comp plans, in which they carry more of the cost of high-premium coverage.
Also, high-risk companies are learning to target job conditions that produce accidents and injuries.
By modernizing these environments, costs can be driven down immensely, and workers jobs can be made much safer.
Read full article at Property Casualty 360.
Photo credit: NAVFAC