Loss Control Equals Freedom For RMs
When it comes to keeping insurance renewal costs low, most risk managers agree this is where loss control efforts can reap big rewards. Identifying risks and developing ongoing techniques to reduce those exposures lead to fewer injuries, better coverage options, and better pricing for insurance.
"When you look at the largest organizations from a [workers'] comp or self-insured standpoint, the insurance side isn't the driver–it's controlling costs," said Stephen Bennett, managing director for Marsh Risk Consulting in Chicago. "With the economy slowing down, and with the emphasis on controlling costs, ergonomics has started to be an important issue."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
