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.
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