In a recent blog post last month we discussed the cost of a Workers Compensation claim to your business. To coincide with last month's topic on Workers Comp for small businesses, today we share not 10, not 15, but 17 tips that a business should consider in order to practice safety in the work place and avoid a workers compensation claim. The following 17 factors are derived from a recent article published by Dave Weber appropriated titled "What Drives Safety Results". In the article, Dave explains his three year study involving analyzing the work place of many businesses, surveying statistical results concerning workers compensation losses, and the generalization of common factors his results after the study proved. Below are the 17 factors determined to assist in avoiding a Workers Compensation loss, they are
# Good housekeeping with properly stored materials
# Roomy, uncrowded workplace
# Calm, unhectic workplace
# Younger employees
# Non-union locations had better records than did union locations
# Employees involved in planning work procedures
# Employees with control over their work pace (speed)
# Employees empowered to make changes in their work environment and process
# Modern machinery/tools/equipment that met applicable safety standards
# Well maintained equipment and machinery, with regular inspections
# Operating managers accountable for their accident records
# Affiliative management style (cheerful & low stress work environment, great labor relations, employees praised for following safety rules and procedures)
# Drug testing programs for “current” employees (somewhat more important than drug testing for “new” hires)
# Employees trained in ergonomics and back injury prevention
# Employees receive comprehensive safety training before operating equipment
# Employees come to work in the best shape possible – both mentally and physically
# Safety is discussed with employees at the start of their shift
The full article published by Dave Weber "What Drives Safety Results" can be accessed by simply clicking here.
For more information concerning Workers Compensation solutions for your businesses feel free to contact us directly as Snotherly Insurance does provide Workers Compensation insurance solutions to commercial and small businesses for multiple industries.
For parents, having a teen driver in the house can be cause for mixed emotions. On the one hand there’s the added freedom of having another driver who can run errands and no longer needs to be driven to school or extracurricular activities.
On the flip side, many parents worry about the extra expense of adding a teenager to the insurance policy, as well as the accompanying expenses of gas and perhaps even an additional car.
Several factors affect how much the cost of insurance increases when a teen driver is added, including geography and gender. Insuring teen male drivers is more expensive than females, and certain areas are simply more expensive than others. While you can’t do much to change those two factors, there are many ways for parents to cut insurance costs. The good news is that, in addition to improving the bottom line, these options could help your teen become a better driver or even become more conscientious about his or her grades.
Here are three things you can do right now to start saving money on your teenager’s auto insurance.
1. Look into a good student discountThe grades your teen earns can lower the amount of insurance you have to pay. This is something you may have to ask for, so if your student driver is earning a minimum of a B average, contact your insurance agent. Before you call, make sure you have proof of the student’s academic prowess. It may be in the form of a report card or a form signed by a school administrator to verify those grades. The discount is also valid for homeschooled teens, who will need to provide results from a standardized test (PSAT, SAT, ACT, etc.) and must be in the top 20 percent of the student scores nationwide. Even better news – this discount continues when your driver goes to college and it’s offered up to the age of 24. Click here to learn more about getting a good-student discount.
2. Consider telematicsTelematics are electronics that record and report on a driver’s habits. That information can be used in many ways; it allows insurance companies to reward drivers for good behavior, and it also lets drivers (or their parents) receive feedback on their driving, which can help them make better decisions behind the wheel. Nationwide’s program SmartRide gives drivers an automatic 5 percent break on the teen’s insurance just for signing up, then offers additional discounts – as much as 40 percent – based on a driver’s habits. They provide a device that is easily installed, tracking four factors: hard braking, fast acceleration, miles driven and nighttime miles.
3. Don’t buy new
While most teens dream of a shiny new car to begin driving, it’s not the best financial move. The reason teens cost more to insure is these inexperienced drivers tend to have more accidents, so buying a new car is going to mean higher repair costs if they have a fender bender. Buying an older car that has good safety ratings won’t just mean lower repair costs and lower monthly car payments, it will cost less to insure.
Having the right car insurance is extremely important, even more so for a young driver. Find out how Nationwide can help you save money on teen car insurance while keeping you covered.
Here we will be publishing articles, tips and information regarding insurance on a regular basis. Make sure to tune back to this page often has we post a new blog every month!