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Article: Hints for holding the line on workers' compensation costs.
- Article from:
- Modern Machine Shop
- Article date:
- November 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Gardner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Setting up programs to prevent injuries is the best advice any shop or metalworking company can follow, but other practical steps should not be overlooked.
Of the current challenges facing the metalworking industry, including anemic economic growth and the high costs of complying with environmental regulations, the nation-wide crisis in workers' compensation insurance is one that could spell the difference between life and death for some companies.
Workers' compensation insurance coverage costs have gone through the roof. Firms that are unable to secure coverage at a reasonable price--as is the case in a number of states today--may have to choose between ...