Are you recording the right workplace safety data to reduce your premium?
One participating business recently confirmed “that savings achieved from reduced insurance premiums was equivalent to the profits on producing and selling an additional $16m of product.”
The medium segment strategy encourages medium-sized businesses to integrate safety into their business management systems and to ensure they practice prevention rather than reaction. It also seeks commitment from owners and directors to the process. Often owners and directors are simply unaware that systematic, prevention-based health and safety management and promotion leads to reduced WorkCover premiums and other cost reductions.
Many people, however, feel that current models of safety management systems are far too complex for the medium segment; they want the cost reductions, but not the complexity that comes with it. This is why the ‘Seven Pillars of Safety’ has been developed.
The third pillar, ‘Recording and Reporting’, seeks to ensure leaders have their fingers on the pulse of organisational safety by recording and reporting claims and premium data. This provides senior management, owners and directors with quantifiable feedback to initiate system interventions in a timely fashion.
How does your workplace measure up?
What to look for:
Expected practice:
Unacceptable practice:
What to look for:
Expected practice:
Unacceptable practice:
What to look for:
Expected practice:
This simplified approach is designed to support personnel in medium businesses that have OHS and RTW responsibilities on top of their normal duties. It will establish and confirm their role as the ringmasters, not the experts and as facilitators, not doers of everything.
WorkSafe have found that these people lack confidence, skills and capability, but are expected to have all the answers and are often presented with an overwhelming amount of complex information. The aim is to provide them with support that is easy to access and tailored to their needs.
At Work Safety Hub we are using the seven pillars as a guideline. Businesses now have a much simpler view and understanding of their roles and responsibilities.
Learn more about our services.
The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own situation and requirements before making any decisions.
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