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Take a few moments and reflect on the big picture of the workers' compensation and general liability insurance costs to a large company. Hundreds of thousands to millions of dollars of premium payment
Take a few moments and reflect on the big picture of the workers' compensation and general liability insurance costs to a large company. Hundreds of thousands to millions of dollars of premium payments depend on the results of the workers' compensation audit. A rise of 0.25 in the rate could cost millions of dollars, or a drop of 0.25 in the rate could save millions of dollars. With these dollar figures in mind, reflect on the goals you would set for the safety and health manager or team of the company. What priority would you set up their goals? Would it depend on how much gross profit is made by the company? What factors would you weigh?
Your journal entry must be at least 200 words. No references or citations are necessar