In order to participate in the safety program, your company must meet and maintain the following criteria:
Report claims within 24 hours
We need a first report of injury from employer within one day of the occurrence. Statistics show that claims reported outside a 48 hour window cost about 25% more. Prompt reporting allows BrickStreet to start the claims management activities sooner. This also gives us time to get the worker back to work before it becomes a lost time incident. So, if an incident happens on Monday, we need it on Tuesday. You don’t have to have all the information or investigation completed. Just call it in on 1-866-45-brick with the information you have and follow up with the rest of the information later. You can report a claim 24/7 by calling it in.
Achieve and maintain a loss ratio of 65% or less
Loss ratio is simply your total incurred losses divided by premium times 100 to get a percent. So, if you have you have $50 in losses and paid $100 in premium it looks like this: 50 / 100 = .5 x 100 = 50%. The higher your losses the higher your loss ratio.
Implement a formal return to work program
Adopt a formal RTW program. BrickStreet has a turn-key RTW kit that you can use. The goal here is to eliminate lost time. The more lost time days (TTD) the higher incurred costs will go. According to 2008 statistics at BrickStreet, the average medical only claim cost about $536. The average lost time claim cost about $20,000. There is a RTW policy already created for you to adopt or you can craft your own. There are several steps involved in this process. They are outlined in our RTW kit or BrickStreet has RTW specialists assigned to your account that can walk you through the process.
Attend at least one safety seminar per year that applies to your operational hazards
Most associations are sponsoring at least bi-annual safety meetings for participants. Some associations are sponsoring quarterly safety meetings. You can meet this requirement by attending one of our quarterly safety meetings.
Implement BrickStreet’s 5 step loss control program
- Create a formal loss control policy or safety plan. This means that you must adopt a safety plan. BrickStreet has several turn-key safety plans to adopt. You can cater the plan to fit your business. Generally a safety plan should address the following areas: commitment; roles and responsibilities; progressive discipline; evaluation; hazard prevention; incident investigation and training.
- Create a formal safety committee or coordinator. There must be some entity or person in charge. Someone or group must coordinate safety activities such as training, inspections and compliance.
- Clearly defined safety rules. As part of your loss control or safety manual, there must be safety rules for hazard prevention or reduction. Such as: all employees must wear safety glasses, a hard hat and steel toed boots while at the jobsite or these are the procedures to follow in case of an emergency. They have to be posted or part of the safety plan and employees must be trained on them.
- Provide safety awareness and loss prevention training to the employees. Once you develop your safety plan and safety rules, you must train the workforce. You can’t expect employees to just know. They need to be trained pre-job, intermittingly through toolbox talks and preferably every year after that. After training, they must be held to that standard.
- Establish written policies and procedures on claims management. Who is doing what? What does the employee do when they have an incident while on the job? Who do they report it to? Do they need to seek medical attention? Where do they go? Who reports it to the home office? Who reports it to BrickStreet? Who does the accident investigation? Who works with BrickStreet to manage the claim post accident? These questions need to be addressed when establishing procedures.