article thumbnail

WILG president talks workplace injuries

Safety Services Company

WILG president talks workplace injuries. Boyd, president of the Workers Injury Law and Advocacy Group. What is the Workers Injury Law and Advocacy Group? The Workers’ Injury Law and Advocacy Group (www.wilg.org) has grown into an important, national voice for workers.

Injury 49
article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

FINANCIAL RATIOS: PROFITABILITY . Gross Profit Margin . Gross Profit Margin indicates the gross profit (revenue less cost of sales) as a percentage of overall revenue. . Return on Assets measures how effectively assets are being used to generate net profit. . Net Profit Margin . Return on Assets .

Safety 94
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 8 Construction Health and Safety Hazards — and Ways to Protect Your Jobsite

Levelset

Hazardous conditions can have both short-term and long-term financial consequences along with the possibility of work-related illness or injury. . Clothing or jewelry can get tangled up in an unprotected pulley or conveyor system, while unguarded trenches pose risk for collapse and crushing injuries or suffocation. . High temperatures.

Safety 52
article thumbnail

WORKPLACE SAFETY

Safety Services Company

At this year’s National Safety Council (NSC) expo, it was reported that workplace injuries and fatalities cost businesses an estimated $198.2 businesses are realizing that developing and implementing comprehensive Injury and Illness Prevention Programs (IIPP) not only reduces costs, it can improve morale and improve profitability.

Safety 48
article thumbnail

UNDERSTANDING EXPERIENCE MODIFICATION RATES

Safety Services Company

Your EMR is the number insurance carriers look at when determining what you’ll pay for a Workers’ Compensation premium. It reflects your company’s past injury and illness incidents and lets the insurance carrier calculate future risk. The cost of your Workers’ Compensation premium is the most obvious answer.

article thumbnail

Attn Contractors: Workers' Comp Costs Likely to Increase Beginning January 1, 2013

Best Practices Construction Law

Over my legal career, I have handled a significant amount of workers' compensation disputes, representing injured employees, defending employers and insurance carriers, and even a few years working for an appellate judge that addressed workers' compensation appeals. The National Council on Compensation Insurance, Inc.

article thumbnail

A LOOK AT THE ROI OF SAFETY

Safety Services Company

It’s difficult to say exactly where those dollars come from because of variables like total investment, type of injury, number of employees trained, and that it make take time before you see the return. To get an idea of how ROI works, it’s important to start by inspecting the actual cost of an injury. million to nearly $3 million.

Safety 48