Hazards Increase Work Comp Premiums

Most hazards cause workers comp premiums to increase eventually. Any condition that increases the chance that there will be a loss. Hazard exist in every workplace. Examples could be improper storage of office supplies which contain chemicals, or a slippery floor in a kitchen. Recognizing hazards and correcting them will provide a safer workplace, less risk, and ultimately lower premiums
.
Employers with safety hazards in the workplace are penalized by the rating system through E-Mods and Schedule Rating Factors. Many carriers will not insure an employer that allows preventable safety hazards.
©J&L Risk Management Inc Copyright Notice