When you have a Work Comp claim, there are both hard and soft costs. The dollars paid by your insurance company will haunt your checkbook for up to 4 years.
The first year is charged against you at renewal when determining your next year's premium. In years 2, 3 & 4 the losses go against your experience modification AND are still developed by the underwriters. On average $1 in loss will cost you $3 in future premiums.
The soft costs of lost productivity, morale and added training costs can add another $3. A local police department is turning away 1/3 of applicants because they can't write a simple paragraph. How hard are your people to replace and bring up to speed?
Safety matters not just because it is the right thing to do, it makes good business sense as well.
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