REDUCE PREMIUMS? REDUCE RISK — LOSS CONTROL STRATEGIES
Business owners know an injury to an employee or severe property damage destroys productivity; so all losses should be avoided or reduced. So why do insurance loss control representatives’ visits and the ensuing safety recommendations bother business owners so frequently? Is it a nuisance? Is it the money to implement loss control strategies? Insurance companies understand that the frequency of claims, that is the number of claims, predicts risk levels much more accurately than does the severity of claims.
For small business, as defined as those that cannot afford an in-house full time safety officer, the insurance company loss control representative acts in that capacity to review the overall loss control picture. Use this service to your advantage. The insurance company wants to reduce risk as much as you do. Of course, the company is less concerned about the budget to do so when you’re fulfilling their recommendations. So, what can you do about costly compliance measures? Ask the loss control representative for help. These professionals are in the field all the time and see many solutions to the same problems. They will have some cost effective ideas.
Manufacturers and contractors are familiar with equipment safety devices, such as guards on saw blades or operator cages. Ergonomics has become a popular form of loss control that ties into safety devices. Differing control knobs, placement of controls and sight lines improve operator efficiency and eliminate unsafe habits.
Environmental controls, for example ventilation and lighting, reduce worker fatigue, unhealthy air quality, and poor visibility. Injuries decrease in frequency as a result.
Proper protective gear might seem a bit old school, but goggles, gloves, hard hats, protective clothing, and even proper work clothing can help to reduce claims.
Installing guards and providing equipment protection is half the battle. Safety must be taught to employees at all levels for an effective loss reduction program. New and old measures should be embraced by management and implemented correctly.
Insurance loss control departments are a good source for safety lesson plans, posters, or even direct employee meetings to teach and discuss safety issues.
Loss control strategies eliminate or reduce risks. Prevention, avoidance, transfer, and separation are examples of viable strategies.
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John M. Duncan, Jr. has been President of 
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