Thursday, January 8, 2009

Workers’ Comp and Prevention (Occupational Health and Safety)

Workers’ compensation is often linked with workplace injury prevention. How that link is expressed, however, varies; it ranges from an implicit value proposition (injuries cost money; prevention saves money) through a motivational component such as experience rating (injuries cost moneyprevention saves money; investment in prevention will lower your experience rating so you can achieve those savings over time) to active loss control (safety officers consulting and inspecting) and regulation with enforcement (setting the standards and backing them up through administrative penalties and/or prosecutions).

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