Tools of the Trade: Training to Increase Safety, Decrease Risk
By Raul Chacon Western Regional Loss Control Manager, EMPLOYERS Insurance, Inc. | April 20, 2014
Nearly 90,000 hospitality and leisure workers had a nonfatal occupational injury or illness in 2012, according to the Bureau of Labor Statistics. More than 26,500 of those injuries involved workers who fell, slipped, or tripped while on the job and missed days of work as a result.
Workplace injuries can be costly in terms of out-of-pocket expenses, lost productivity and potentially higher insurance premiums. A recent survey by EMPLOYERS® found that 35 percent of small businesses cite workplace safety as one of the top risks they worry about.
By investing proactively in safety programs and training, hotels can reduce workplace accidents, potentially increase employee retention and improve work productivity.
Workplace Safety as a Strategic Investment
Strategic risk management and workplace safety are vital to maximizing business performance. Not only do they protect a business' most important asset – its employees – these programs can result in real bottom line operational and cost benefits.
A key element of strategic risk management is an understanding of workers' compensation insurance and how to maximize that investment. Workers' compensation insurance covers employers for their statutory and legal obligations for employee expenses that are a direct result of on-the-job injuries or illness. While plans differ within and among states, workers' compensation benefits can include weekly payments in place of wages and reimbursement for payment of medical and rehabilitation expenses. Depending upon the jurisdiction, business owners can obtain their workers' compensation protection from private insurance companies, state insurance funds, self-insurance or self-insured groups.
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