Today’s business climate of increased competition and economic uncertainty makes fiscal responsibility more important than ever. Labor costs are usually the largest part of a company’s budget, with workers compensation claims falling under that umbrella. Many people may disregard those costs, assuming they’re covered by insurance, but disability claims include significant hidden costs that impact your bottom line.
Insurance companies resolve claims by footing the bill for medical costs and wage replacement. However, a study by the Stanford University Department of Civil Engineering found that indirect costs of workers compensation claims often exceed the direct costs. These hidden expenses can include:
- Hiring and training replacement labor
- Overtime costs associated with reduced efficiency due to the loss of a skilled worker
- Administrative time on the part of employees involved in claim processing
- Clean-up and repair of any damage to equipment or facilities
Some claims may also result in OSHA fines, legal fees and other liability costs.
Incorporating top-of-the-line safety measures is the most effective way to prevent workplace injuries. Material handling activities generate a major number of injuries due to the physical effort involved, making this a vital area to implement better procedures.
Our comprehensive line of electric tugs, tows and pushers is designed with workplace safety in mind. They’re powerful enough to allow a single person to easily move up to 50,000 pounds. In addition, they’re equipped with ergonomic features like variable speed twist grips to prevent repetitive stress injuries.
Our friendly and knowledgeable Sales Engineers are ready to assist you in finding the perfect solution for your particular application. Call 800.686.2651 to find out how you can become a member of Team Cart Caddy.