Are you a business owner in New York? Then there’s a pretty good chance that you’re looking for ways to save money around your workplace. If it makes employees safer in the process, all the better! Perhaps you’ve heard of Industrial Code Rule 60. Also known as the Workplace Safety and Loss Prevention Program, it is designed to save you money and improve workplace safety. It can be a little bit confusing, however, but thankfully, Workers Comp Cost Relief is here to offer assistance.
When people hear that there could be up to a 10% savings under state law in New York, their ears tend to perk up. Our goal is to help your team build programs that are approved by the New York Department of Labor. Businesses that qualify under CR60 can benefit, and it just makes sense to look into it when you know that it could improve your bottom line. You probably know just how out exorbitant costs of workers compensation can be, but having certified loss control programs in place means that not only could you save money, but you could also make your business a better place for your employees to work. It doesn’t get much better than that!
A Look at the Three Programs Available to Choose From
There are three programs that can be tailored to suit your company: a safety program, a drug and alcohol prevention program, and a return to work program. There’s even an option to offer all three. The safety program and the return to work program offer an incentive of a 4% savings in the first year and 2% savings in all subsequent years, and the drug and alcohol prevention program offers a 2% savings the first year as well as in all subsequent years.
The idea is that these programs will help to decrease injuries in the workplace while reducing the cost you pay for workers compensation. The programs that you establish must be approved by the New York Department of Labor, but the discount of up to 10% on workers compensation premiums is the reward, and as we mentioned above, the programs can be customized to suit your specific needs and cater to the unique demands of the environment in your workplace.
In today’s post, we’ll be tackling the return to work program. Be sure to take a look at the first two parts in our blog series if you’re interested in either the safety program or the drug and alcohol prevention program. The return to work program is unique, and we’ll be discussing its benefits and some pertinent facts in today’s post. If your goal is to save money and make your workplace safer, we’re the risk management solutions experts you can count on to lend a helping hand. Keep reading to learn more!
Learn About a Return to Work Program
Simply put, having return to work programs in place means that workers compensation costs to employers are reduced. Not only do they help workers to get back to the job sooner after injury or illness, they also provide fair and consistent guides to ensure a timely and safe return to the workplace.
Benefits of return to work programs include the fact that they reduce lawsuits, the length of lost time, the need to hire new workers to cover, and even losses in productivity. Financial savings are achieved by lowering workers comp costs, wage replacement costs, medical costs, and use of FMLA and disability benefits. They even improve the morale around the workplace and help to increase supervisor satisfaction. In other words, it can often be a win/win.
Get a Free Consultation Today
Have a question? Ready for a free initial consultation? Our independent loss control services organization is ready and able to help. If workplace safety is a top priority for you, saving money in the process is just icing on the cake. Perhaps best of all is the fact that we only earn our fee after the programs you’d like to put in place are approved by the New York Department of Labor.
Put your trust in the experts at Workers Comp Cost Relief, and rest assured that we can help make your workplace a little better. Contact us today.