When a construction company experiences significant increases in workers’ compensation costs, it often triggers internal activities aimed at reducing insurance costs. The key to reducing spending is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. A safety program that meets or exceeds the OSHA standards can yield significant savings by reducing injuries and illnesses.
Policies alone won’t get results; the program must move from paper to practice to succeed. Putting a policy into practice requires a strategic plan clearly communicated to key participants, good execution of that plan based on developed competencies, and a culture that inspires and rewards people to do their best.
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