Industry: Manufacturing

Challenge: Multiple injury claims in a short timeframe caused significant spike in workers’ compensation premium.

Takeaway: Overhauling safety culture reduced both injury-related claims and workers’ compensation premiums, securing long-term financial stability.

Saved $125,000 premium in one year & 85% premium to date.

Effectively managing workplace safety is not only a regulatory necessity but also a strategic investment that can reduce workplace injuries and profoundly impact a company's financial health and growth trajectory. For one of our prominent wood manufacturing clients, a new culture of safety reduced both the number of injury-related claims and the cost of their workers' compensation premium.

Over three months, this manufacturing company grappled with three serious injury claims, taking a toll not just on their finances but on the well-being of their valued employees. These claims resulted in a surge in their workers' compensation premium, skyrocketing from $100,000 to $225,000. Turning to us for guidance, our experts meticulously assessed all on-site safety protocols and offered invaluable counsel: a comprehensive overhaul of their safety culture. Working closely with the client, we recommended targeted investments in employee training, hazard mitigation strategies, and enhanced personal protective equipment (PPE). Despite an initial investment of $300,000, the client saw an immediate reduction in their workers' compensation premium, which dropped from $225,000 back to $100,000.

However, the true measure of success lies in the long-term impact of these interventions. Seven years later, our client has not only doubled in size but has also maintained a stable workers' compensation premium, a testament to the enduring value of prioritizing safety culture.

At Hotchkiss, we understand that safety isn't just about compliance—it's about safeguarding your most valuable assets and positioning your company for sustainable growth. If you're ready to take proactive steps to enhance your safety culture and protect your bottom line, contact us today to learn more about how we can help.