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RETURN ON INVESTMENT |
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“It’s a no-brainer. We saved $300,000 by cutting
our injuries in half.” |
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John Olson, CFO,
California Expanded Metal Products |
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The cost savings from reducing injuries is huge. In California, every
injury/claim adds almost $9000 to a workers’ comp premium,
because every injury must be carried and paid for, for 3 full years.
High frequency of little injuries can have a bigger negative impact
on a premium than single, severe injuries.
To cut costs and save money, the best solution is to reduce injuries.
Every injury increases your premium for 3 years. |
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| Poultry Distributor: |
Premium has dropped from $1,600,000 to $460,000 |
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| Warehouse & Distribution Facility: |
Premium has dropped from $400,000 to $110,000 |
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| Meatpacker: |
Premium has dropped from $2,100,000 to $570,000 |
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| Foundry: |
Premium has dropped from $910,000 to $190,000 |
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| Metal Extrusion: |
Premium has dropped from $1,485,000 to $415,000 |
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