Automobile Dealer Implements Behavior Based Safety and Slashes Claims and Experience Modifier
See how an auto dealership with 200 employees transformed their safety record using Behavior Based Safety. Our comprehensive approach reduced annual injuries from 24 to zero, cut claims costs by 98%, and lowered their experience modifier from 1.483 to 0.727. Result: Premium slashed by 75%, from $292,000 to $73,000.
Business
Automotive and Light Truck Dealership with 200 employees and two separate locations
Situation
Dealership was averaging 24 injuries a year, and $194,700 in claim costs. Experience modifier climbed to 1.483. Was facing a renewal offer of $292,000.
Assessment
A Risk Management and HR Assessment showed the safety program they had been utilizing a safety company that was focused on the business meeting OSHA requirements. This focus was on compliance and not truly a safety program. Hiring processes and return to work management were poor.
Solution
Provided comprehensive services to dealership including Risk Management, Behavior Based Safety, OSHA Compliance, Human Resources and Claims Handling. Established and facilitated their formal safety committee, changed their hiring processes, and implemented a drug free workplace.
Result
.Injuries went to 16, then 7, then 3, then two years with 0 injuries. Claims costs dropped to averaging $4,200 a year past 5 years. Experience modifier fell to 0.727 and premium was slashed to $73,000. A reduction of 75%.
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