How Osha Compliance Can Help Reduce Workers Comp Premiums

The Impact Of Osha Compliance On Workers Comp Premiums

OSHA compliance can help reduce your workers’ compensation costs, avoid inspections and eliminate costly fines.

Proper OSHA compliance also makes your workplace safer for your employees and increasing long-term employee utilization (meaning more production per employee in your business).

Safer, happier and more productive employees generate fewer workers comp claims.

With all the possible OSHA violations and resulting potential fines, ensuring OSHA compliance within your company can seem like a daunting task—but it doesn’t have to be if you follow a few straight-forward processes.

Start with Recordkeeping

Good OSHO records is a major key to compliance.

Do you have an employee who is responsible for recording all cases of injury or illness? If you don’t, this is a good place to start.

Not only does good record keeping help OSHA compliance but it is also critical to reducing your workers’ comp experience mod rate.

Generally, human resources departments are responsible for OSHA compliance, but sometimes this is the safety manager’s responsibility—every company is different. Either way, someone must be responsible for OSHA compliance, as keeping up with new and changing safety regulations can help you avoid accidents and complaints.

Benefits of OSHA Compliance

Complying with OSHA standards can reduce your workers’ compensation costs by helping you eliminate unsafe workplace conditions and making your business a safer place to work.

Over time, as you establish your business as OSHA compliant, you’re more likely to avoid inspections from an OSHA compliance officer.

OSHA regulations state that OSHA can inspect your workplace without notice. But businesses with complaints filed against them tend to have a higher chance of inspection, so your chances are greatly diminished if you’re complaint-free.

OSHA compliance can also help you avoid costly fines since you have inspected your workplace and corrected any violations or unsafe conditions.

If your workplace is compliant, you are less likely to receive complaints, inspections and any subsequent fines.

An OSHA compliant workplace improves overall safety which reduces the opportunity for workers’ compensation claims. Limiting workers’ comp claims is a great way to reduce your insurance premiums.

Our free Workers Comp Experience Mod Audit Review and Report is a great place to begin your journey to safer workplace and lower workers’ comp premiums.

Tools You Can Use to Be Ready for OSHA

You should always be ready for OSHA inspections, and tools like an online OSHA log can help you be prepared.

Tracking injuries and incidents in an online OSHA log keeps all the information you need in one place, and can easily be printed to share with employees or any OSHA inspectors who visit.

Plus, by storing all your incident information in an online log, you can easily analyze it to spot trends, benchmark against national data, and isolate potential problem areas based on division, time period or injury type.

Compliance is the Key

The truth no one wants to think about OSHA compliance. Sure, you want a safer workplace, you want happier, more productive employees, but OSHA compliance often feels like a hassle.

We get it. We have to be OSHA compliant too.

The key consistent OSHA compliance is putting the tools and processes in place you need to save time, work more efficiently and take the guesswork out of OSHA standards.

At Rogue Risk, we’ve invested in technology to provide all our clients access to training, resources and our proprietary online OSHA log portal.

We’ve done this specifically, to help our clients combat the potential lost time and violations which can occur from improper OSHA log tracking.

If all this sounds overwhelming, confusing or if your current insurance professional has never addressed these issues with you before, then I’d encourage you to reach out to us at Rogue Risk, today.

I hope this article helped you better understand OSHA compliance.

Thank you,

Ryan Hanley

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