What is a workers compensation root cause analysis?
It’s no secret that frequent workers compensation insurance claims can put a financial drain on a business. To save money, businesses should implement a comprehensive health and safety management program. If you want to establish a safety program for your business, then you first need to conduct a root cause analysis. Not sure what this is? Then here’s what you need to know about workers compensation root cause analysis.
Conducting a Root Cause Analysis
When an employee is injured at work, it’s important to document the incident and collect relevant information pertaining to the accident. This information should then be reviewed in order to understand the factors that led up to the injury and identify potential issues. This process is known as a root cause analysis. This process is designed to uncover the underlying factors that caused the accident, and help employers address these issues, so the same problem doesn’t happen in the future. The main goals of a root cause analysis include the following:
- Identifying the areas and processes where safety improvements can be made
- Using the collected evidence to develop loss control measures
- Encouraging employees, managers, executives, and other stakeholders to join the analysis process to promote a culture of safety in the workplace
- Reducing the risk of future injuries and, therefore, reducing the cost of workers compensation claims
Experts note that businesses should not only conduct root cause analyses in response to injuries but also in the case of close calls. These near-miss incidents can also help employers identify potential dangers in their workplace.
This is why conducting a workers compensation root cause analysis is an important part of your business’s health and safety management program. Remember, securing the right workers compensation insurance is another important part of managing workplace risk. Do you need help with your workers comp coverage? If so, then contact the experts at PMC Insurance Group.
