The Benefits of Receiving Workplace Safety Grants
Workplace safety grants are awarded by the Ohio Bureau of Workers' Compensation or BWC. In August and September 2017, 40 different employers received grants totaling $993,094 to help improve safety at their job sites. In July 2017, 14 different employers received grants totaling $375,000 to help improve safety at the job site. If you are an employer and considering applying for one of these grants, which have a cap of $40,000, you may wonder what the benefits are. Here are a few of the benefits associated with receiving workplace safety grants.
Minimize the Number of Workers' Compensation Claims Filed
A workplace safety grant is money that is designed to help you improve safety for your employees at your job site. The money may be used for training courses or to purchase equipment that can keep your employees safe. All in all, the idea behind the grant money is to help minimize or reduce the number of workers' compensation claims that are filed due to employees getting injured on the job. Minimizing the number of workers' comp claims filed helps to reduce the experience rating and premiums of individual employers, lowers costs statewide, and improves the well being of Ohio workers.
Keep Your Employees Safe
Another of the major benefits associated with workplace safety grants is that the money helps to keep your employees safe. No matter how safe you think your job site is, there are always ways that you can improve it and make it safer for your employees. Unfortunately, these changes can cost money that not every business has. When your company receives a grant, you can use the money to help keep your employees as safe as possible. This can help you to attract quality employees, prevent a decline in morale and show that you are an employer who cares about the well-being of your employees.
Decrease Your Operating Costs
The last benefit associated with receiving a workplace safety grant is that the grant may help to decrease your operating costs. Workers' compensation insurance can be expensive, and the cost increases based on the number and severity of claims that are filed. Additionally, you may have to pay some out-of-pocket costs associated with defending or settling claims. When you minimize the number of claims you have, you help to reduce your liability and reduce your insurance costs, both of which puts more money back in your pocket.
Workplace safety grants help to minimize the risk of work-related injuries to your employees. This is beneficial to both you and your employees. However, no matter what action you take, there will always be a risk of employees who are legitimately injured as well as those who fake injuries looking for a payday. If you have an employee who is claiming a work-related injury and you need a law firm to help defend you, turn to Dawson & Associates LLC. Call us today to schedule your free consultation.