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Thelma Marshall

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Use Telematic Data to Control Workman’s Comp Costs

Posted by Thelma Marshall on Sep 12, 2019 4:00:00 AM

There’s a myriad of risk for employees working in a warehouse or distribution center. Management must not only worry about safety protocol, but the financial impact injuries may cause. Workers’ compensation insurance premiums and claims on your policy are a part of a costly injury equation, but your telematic data could be helping you manage those costs better. ambulance-24405_640

Here’s why. Telematic insight provides clear advantages for improving fleet management and it facilitates safer, more effective labor management. And this is an essential tool for better control over accidents and impacts to insurance premiums now and in the future.

An added benefit is that improving your workers’ compensation results can help your enterprise comply with occupational safety and health regulations. This further save you money by reducing the potential of violations and fines.

What are your areas of risk?

Each facility is unique but there are common areas where accidents occur. In a recent Workplace Safety Index the top 10 costliest causes of workplace injuries include:

  • Overexertion involving outside sources
  • Falls on the same level
  • Struck by equipment or object
  • Falls to a lower level
  • Other exertions or bodily reactions
  • Roadway incidents involving a motorized vehicle
  • Slip or trip without falling
  • Caught in or compressed by equipment or objects
  • Repetitive motions involving microtasks
  • Struck against object or equipment

What can you do to reduce workman’s comp costs?

The key to preventing accidents and injuries is found in your historical data regarding past incidents and driver behavior. Studies show that for every workplace accident that occurs, there are more than 600 near hits.

The truth is, there is often a pattern in risky behavior or area of risk. An advanced telematics system  provides historical and real-time data that facilitates a proactive response to intentified risks - versus a reactive response to accidents. And simply proving your enterprise has a record of safe operation can work to lower insurance costs.

Use telematic data for:

  • Insight on driver behavior — good and bad — so poor habits can be addressed, 
  • Fleet monitoring that facilitates customized safety checklists, which will stop vehicle operation if the operator skips steps, the forklift has a mechanical issue, or the driver fails to complete safety protocol.
  • Advance location capabilities assist with safer warehouse traffic management and speed limit enforcement.
  • A dashboard provides a view based on identified KPIs and events for instant insight. 
  • Systems provide information around warnings and trends, allowing management to implement their risk-mitigation plan.

Finally, consider establishing a safety committee. Get every employee engaged in loss prevention as the company works to mitigate risk and lower insurance costs.

Thoroughly investigating all accidents and near hits can help reduce the number of claims at your facility. Leveraging telematic-based insight to proactively address areas if increased risk leads to 50% fewer claims on average than businesses that lack this insight.

Topics: injuries, human error, osha inspection, safety improvements, operator behavior, root cause, telematic data, accident reporting

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