Managing your risk is a key component of effective management. Every company is different, depending on the type of business activities in which they are engaged, and therefore, the risks to which they are exposed can vary. Financially managing this risk through Massachusetts insurance is highly recommended.
However, there are a number of ways to reduce the chance of accidents happening in the workplace. Effective implementation of these steps may reduce the need to claim against your business insurance policy:
Set up a safety committee
Usually, a liaison between staff and management, the safety committee should monitor areas where safety is an issue and suggest methods to prevent accidents occurring and improve overall health and safety.
Update your risk assessment regularly
Your risk assessment survey, which would have identified the key risk areas of your company, should be regularly updated and monitored to take into account changing circumstances.
Consider a further training program for your staff
By including safety rules, regulations, and procedures as part of a widened training program for staff in high risk areas, you may help reduce the chances of an accident occurring.
Most importantly, make sure that your Massachusetts insurance is adequate to cover your risk level. For more details on this, contact one of our agents!
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