5 Critical Tips On Avoiding a Very Expensive Education On Safety

Over a decade ago in May of 2008, a Crane collapsed in NYC that killed 2 construction workers. The Wall Street Journal and the New York Times both profiled the company owner Mr. James Lomma of NY Crane & Equipment Corp and the assistant district attorney, Eli Cherasky spoke on the matter saying “They were killed because a wealthy man was concerned about the bottom line and nothing else.”

We’re still talking about this accident today because of the effect it had on one construction business. Your safety policies may not be the strongest because you believe that this will not happen to your business. Like all risks, there is the possibility this could happen to you, but you have the opportunity to learn from someone else’s expensive mistake.

5 Critical Tips On Avoiding a Very Expensive Education On Safety:

Hire a site safety coordinator. Senior management and your new site safety coordinator need to have a concise safety plan that needs to be implemented company-wide.
Budget for committed resources for safety in every new project. Safety does pay a dividend although many don’t bother to understand or calculate it.
Offer a team bonus if your team achieves certain safety goals and enforce penalties for violations. You win as a team and you lose as a team while on a worksite.
Start every project by reviewing your previous numbers and creating new safety goals based on past experiences. Learn from your past mistakes instead of making the same ones.
Call in a professional. A professional may cost money, but an accident or claim could put you out of business.

If you understand the cost of loss, insurance claim or injury to your profit margins then it is much easier to commit a fraction of those management resources to safety. Its not just good business, it is the right thing to do for your community and your employees.

Are you ready to implement a plan but don’t know where to start? Request A 5 Minute Call with one of our Risk Advisors at no cost 1.914.357.8444