Every company executive is on the hot seat in this difficult economy, and risk managers are no exception. But those who can cut workers' compensation claim frequency and severity, as well as get injured employees back on the job faster while boosting both productivity and morale, will still be sitting pretty with their senior managements, according to the heads of three award-winning programs.
To spotlight examples of outstanding loss control and safety in the workplace, the third annual National Underwriter Award For Excellence In Workers' Compensation Risk Management--sponsored by the National Council on Compensation Insurance--was presented to a trio of innovative organizations: Starwood Hotels & Resorts Worldwide (this year's award Champion), along with INTEGRIS Health and Snap-on (both of which received an Honorable Mention).
Sam Friedman, NU:
Let's start our panel discussion today with a brief summary of what each of our winning organizations do. Then please discuss your biggest workers' comp challenges, and what you are doing to address them.
Stephen Truono, Starwood:
Starwood, as we know it today, really came into being in 1998 with the acquisition of Westin and Sheraton Hotels, so we're a relatively new corporate firm. For the first few years, the company was busy integrating businesses. So in respect to safety management, we just adopted the safety programs that Westin and Sheraton had.