Betting on Safety: Escalating Costs Forced California Pallet Company to Take Riskier Insurance, Institute New Safety Initiatives

摘要

Facing hundreds of thousands of dollars in insurance premium increases, Commercial Lumber & Pallet (CLP) made the risky leap from the state fund to a large deductible insurance plan. At the same time, the company ramped up safety programs. What once looked like a big gamble has resulted in major savings and safety improvements for this City of Industry, Calif, pallet company. Workers compensation insurance has become a major cost concern for most pallet and sawmill operations across the country. Theforest products industry has a fairly high incident rate, which translates into steep insurance costs.