Loss Control Equals Freedom For RMs
When it comes to keeping insurance renewal costs low, most risk managers agree this is where loss control efforts can reap big rewards. Identifying risks and developing ongoing techniques to reduce those exposures lead to fewer injuries, better coverage options, and better pricing for insurance.
"When you look at the largest organizations from a [workers'] comp or self-insured standpoint, the insurance side isn't the driver–it's controlling costs," said Stephen Bennett, managing director for Marsh Risk Consulting in Chicago. "With the economy slowing down, and with the emphasis on controlling costs, ergonomics has started to be an important issue."
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