X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Today’s economy is taking its toll on businesses everywhere. Whether you are in manufacturing, service, or construction, you cannot help but feel the impact. Unemployment rates continue to climb as both large and small business owners struggle to survive. Lay-offs and budget cuts are an everyday part of business. Jobs and customers are scarce and the competition is fierce. Clients today expect the best for less. That pushes companies to compete for a shrinking customer base while trying to maintain the highest level of product quality and employee safety.

Unfortunately, many employers still view safety as an expense and the safety budget and/or staff is usually one of the first to experience cutbacks. This, despite research that has repeatedly demonstrated the economic value of a strong workplace safety program. When safety truly is “job one,” the result is fewer on-the-job injuries, which means lower workers’ compensation costs, which means a lower experience mod ratio, which means lower insurance premiums, which means significant savings to the bottom line.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.