Proven Ways Employee Turnover Impacts Insurance Costs
Direct answer Yes, high turnover often increases premiums because newer, less-experienced staff are statistically more likely to be involved in workplace accidents. Actuarial data regarding occupational safety trends and worker experience correlation. For additional information about the correlation between worker experience and incident rates, see the Occupational Safety and Health Administration (OSHA) resources on safety […]
Protect Your Business: Lower Insurance Costs with Safety Training
Direct answer Yes, documented safety protocols and verifiable employee training programs typically qualify you for premium credits or discounts due to the reduced probability of claims. Standard commercial liability and workers’ compensation premium credit documentation. For additional information about the benefits of safety programs, see the Occupational Safety and Health Administration‘s guidance on recommended practices […]