How Data Can Improve Your Business’s Workers Comp Program

Utilizing data to improve your workers compensation program.

Many businesses struggle with controlling their workers compensation insurance costs and want to find new ways to prevent workplace injuries.  Well, one of the best risk mitigation strategies that businesses can employ is studying past workers compensation incidents.  Here’s how you can use past claim data to improve the safety of your business today.

One of the most important things to look at is the type of workplace injuries that have taken place in the past.  Try to identify patterns in these accidents.  For instance, look to see if multiple injuries have occurred in the same place or when employees are doing a certain task or working with a particular piece of equipment.  This will show you areas of risk in your workplace.

Once you have identified patterns, study the individual accounts of each incident and look for similarities in the patient or witness statements.  This will help you determine the factors leading up to the accidents.  This, in turn, can help you develop strategies for preventing the same type of injuries from happening again.  This might mean changing work protocols, implementing new equipment safety standards, and updating health and safety training.

This is how you can use information on your past workplace injuries to prevent future issues and keep workers compensation insurance costs down.  Do you have further questions about your business’s workers compensation coverage?  If so, then secure the right business insurance to fit your needs.  For assistance with your commercial coverage needs, contact the experts at PMC Insurance Group today.

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