The Benefits of a Professional Risk Management Program
Compliance– A thorough audit will identify any gaps or opportunities for improvement. You will comply with the WHS and other relevant laws and standards as per the scope of Audit.
- know your legal duties
- implement appropriate company and staff safety systems
Recognition – Industry and consumer recognition of high safety standards
Avoid costs associated with non-compliance – hefty fines (up to $3M for entities and $600K for Individuals & even Jail terms up to 5 years), prosecution, enforceable undertakings, legal and administrative costs of injuries.
Save money – reduce incidents and injuries and save on claims, shut downs, lost time and productivity, WorkCover and other Insurance premiums.
Business Improvement – improve reporting and recording, communication, training, policies, procedures and systems of work, and therefore worker morale and business value.
*Insurance eligibility may be improved, and concessions may apply for maintaining an ongoing recognised Industry Specialist Risk Management Program.
*Insurance terms are at the discretion of the underwriter