Safety programs drive down insurance premiums
Insurance providers reduce premiums when safety programs are actively managed and monitored. The best way to control insurance costs is to establish excellent safety and compliance programs.
Consider implementing three initiatives in 2023 that will lower insurance premiums and reduce your total cost of risk.
1. Safe driving
The benefits of on-board cameras have been emphasized for years, but companies struggle to manage large volumes of data. Video technology partners can help motor carriers sort through the data. These service providers have expert review teams that analyze video according to a standardized set of observations, and they prioritize coaching events based on risk. To effectively change behavior and reduce accidents, safety professionals rely on coaching platforms that rank drivers based on driving habits.
Insurance providers need to see more than just cameras in tractors. Expert review teams remove false positive videos and provide actionable coaching events to safety teams. Ensure that your drivers are being continuously coached, because not using available safety data is often more dangerous than not having it at all.
2. Safe workplace
A positive safety culture connects employees in a common goal to measurably reduce accidents and injuries. Consider implementing injury reduction programs to evaluate the safe operation at individual service centers. A program requires assembling a focus group consisting of management, safety professionals, and dock employees to evaluate injury data and create specific safety goals for the location.
These programs provide a collaborative environment for management and employees to discuss ways to prevent the following injuries:
- Slips, trips, and falls
- Lifting, pushing, and pulling
- Entering and exiting equipment
An effective injury reduction program consists of ongoing monitoring, assessing, and reporting for at least one year to develop an accurate baseline. Your employees understand the primary causes of injuries, so review injury statistics as a team and discuss prevention ideas. Creating awareness about specific injury types is the first actionable step in prevention.
3. Safe reporting
Most injuries can be prevented by slowing down and asking for assistance with heavy freight, but poor environmental factors also affect safety. Too often, trucking companies view safety as a discretionary added cost, and service center repairs are avoided. A culture of safety encourages employees to report workplace hazards.
A safe reporting campaign will shine a light on defective equipment at your service center. Initially, the volume of reported incidents will be high, but making necessary repairs and replacing defective equipment will reduce injuries and show your employees that you care about safety.
Share your vision
Insurance providers evaluate risk for an enterprise, and proactive campaigns that target accident and injury reduction are often rewarded with reduced premiums. Create measurable goals, develop a presentation, and grow your influence at the next meeting with your insurance provider.
Key to remember: Implementing safety programs that reduce accidents and injuries will lower your insurance premiums and ensure that your employees go home safe.