The hidden costs of workplace risk may be hurting your business more than you think, and siloed programs may be to blame.
As a leader in insurance, HR, finance, or operations, you likely manage a variety of programs: safety protocols, employee benefits, workers’ compensation, and commercial insurance. But are these efforts working together, or are they working in silos?
If they’re disconnected, your organization could be overspending by hundreds of thousands (or even millions) each year.
Did you know that U.S. employers spend over $1 billion every week on workplace injuries? The root cause isn’t just bad luck or flawed policies. In many cases, it’s fragmented strategies that fail to see the full picture.
When risk-related teams and programs operate independently:
Consider this: one manufacturer spent millions annually on workers’ comp claims. After connecting their safety and wellness programs, their injury frequency dropped 40% in three years, and insurance premiums followed.
Integrated programs consistently outperform siloed ones across industries, including construction, healthcare, manufacturing, and transportation. An integrated risk strategy aligns:
When these functions share data, communicate regularly, and align goals, companies create a proactive risk culture that reduces claims, lowers costs, and boosts workforce well-being and productivity.
Here’s one powerful stat: Providing paid sick leave is associated with a 28 percent lower likelihood of workplace injury. That’s the kind of result integration makes possible.
Integration may sound complex, but the path forward is clear. Our Total Cost of Risk whitepaper outlines the advantages of aligning your risk programs and shows you how to start seeing results quickly.
Inside the whitepaper:
At AssuredPartners, we help companies unlock savings and resilience by uniting safety, benefits, and insurance into one smart strategy.
Ready to take the first step?
Download the whitepaper and discover how your risk strategy could be your next competitive advantage.
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