Friday, May 30, 2014

LRA SIF rewards claims free track records

For 16 years, safety dividends and safety awards have been distributed to Louisiana Restaurant Association Self Insurer’s Fund for workers' compensation (LRA SIF) members. Those who had a loss ratio that didn’t exceed 50 percent, attended a safety seminar or webinar and implemented a written safety program receive a dividend. In addition, safety awards are distributed annually to members who have filed no claims during the entire previous year, which many of them display in their establishments as a point of pride.

Seventy-two percent of LRA SIF members met the challenge and received a safety award this year. It is evident that the majority of LRA SIF members promote and provide a safe working environment for their staff.

The Second Injury Board Knowledge Questionnaire continues to be a useful tool in recovering claims costs for pre-existing injuries. As part of your new hire orientation, having all employees complete this questionnaire will help identify, in writing, any pre-existing conditions that, if known, may result in the Second Injury Fund covering a significant portion of a claim that ultimately can impact your workers’ comp rates.

Another way to reduce your workers’ comp exposure is having a post-accident drug and alcohol policy. An employee that is under the influence of drugs and/or alcohol is a danger to themselves and their co-workers. If they are injured on the job, having a post-accident drug and alcohol policy in place could protect the employer from the entire claims cost if the employee tests positive in excess of the limits.

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