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Lost Time and Absence Management
A regional transit company was incurring workers compensation and other lost time costs at more than three times the industry average. The company hired FHSG to prepare a lost time analysis and assist in reducing workers compensation costs. As a result of the team effort of the transit company, its insurance broker, third-party administrator and FHSG, best practices were implemented in the claims and loss control process, resulting in a savings of over thirty percent in one year.
A national association engaged in the training of construction and other trade skills was incurring workers compensation costs at more than twice the industry average. They engaged FHSG to conduct a comprehensive training session with their loss control and claims management personnel to set a strategy to reduce these costs. FHSG worked with the association and its insurance company to devise a comprehensive risk management strategy focused on the positive reinforcement of best practices in safety and claims management. The initiative resulted in a 70 percent reduction of workers compensation claims after one year.
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