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Archive for May 25th, 2010

Did you know that there are a few simple steps you can take to save quite a bit of money on your insurance?  No, it’s NOT switching to GEICO®!   Certifying your company with the State Cost Containment Board (Name varies from state to state) can make a big difference in the amount of Workman’s Compensation Insurance that your company pays out.  (And, it is so easy, even a Ca…you get the point.)  It is amazing that every company doesn’t go through the steps of cost containment to keep that money within their organization.

More importantly, cost containment is more than saving money – it is a commitment within your organization to provide a safe working environment for all.  This ethos can only be achieved through the constant effort of top leadership to promote safety within the organization.  Safety programs and open lines of communication are effective tools in keeping a safe work environment but without a constant push from the top, employees often become complacent which can lead to accidents.

If you haven’t already, begin a cost containment program within your organization.  Usually, a company needs to have a cost containment program in effect for one year prior to submitting to the certifying entity.  Though this process may seem tedious, it is worth creating an environment of safety and care as a core value.

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