Most organizations are familiar with OSHA reporting and the need to track, classify and work to mitigate workplace incidents, such as injuries, asset damage and environmental spills. Within these same organizations, they often have a department tracking claims – property damage, workman’s comp, and general liability - related to their workplace incidents.
While companies generally acknowledge the need to track both incidents and claims data, frequently they do this independently from one another, despite the causal relationship between workplace incidents and claims paid. These information siloes create a barrier to effectively using data for process improvement and organizational cost reduction. EHS software makes destroying this barrier seamless while also helping streamline both the incident investigation process and tracking claims status. Improving workplace safety is always a goal for EHS departments, and incident details help guide mitigations to prevent future accidents which affect workers, assets or the environment.
Simple data points involving weather conditions, unsafe practices, time of day, protective equipment and many other EHS metrics are readily available to alter behavior and work settings for a safer experience. Incorporating claims amounts paid adds another set of data points to assist in improvement. Rather than simply address frequently occurring incidents, claims data provides the actual cost of incidents, allowing a breakdown of metrics such as:
- Costliest job position to the company
- Most expensive vehicle repairs
- Age demographic dollars spent in Workman’s Compensation cases
- Work shifts most likely to result in high-dollar claims
Focusing on this tie between claims and associated incidents allows organizations to focus their limited budgets and resources on protecting company assets, both personnel and brick & mortar. EHS Insight provides the needed visibility to link incidents, investigations and corrective/preventative actions with dollar savings in terms of claims. In addition to this valuable analysis, it also provides the ability to conduct a first report, investigation, approval and generate mitigating actions while simultaneously managing the claims process, all within the same system. In order to see the big picture of the impact of workplace incidents, linking claims with their origin is a must.
Request a demo and get a free trial of EHS Insight today.