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WCB CLAIMS: Real Costs for Canadian Businesses

Effective WCB Claims Management and Processing

WCB Claims - Workplace InjuriesA workplace injury is serious on many levels, but once the wellbeing of the employee is confirmed– much of the focus should turn to the Workers’ Compensation Board claim and the road back to good health. The reality of this situation means that the business must shoulder the burden while the employee recovers. Since workplace injuries incur real costs for Canadian businesses, the best policy is prevention. Read on for more information on WCB claims and their consequences for employers

COSTS

The following are some of the most common costs associated with workplace injuries:

  • Loss of productivity;
  • New employee replacement and training;
  • Assessment and repair of damage;
  • Investigation and internal reporting;
  • Safety, first aid and transportation;
  • WCB premiums and fines.

Accountants, risk management firms and the WCB itself can help calculate just how badly a workplace injury can cost the business and employees alike. Knowing this, SET Safety’s best recommendation is to encourage preventative measures and proper safety training and competency-validations.
SET Safety provides a wide range of online safety courses for your compliance and corrective-action needs. Also, our learning management tools put every detail of training and certification at a supervisor’s fingertips. All of this means your business will run better and safer, making the most of your bottom line.

As you may have already suspected, a workplace injury has consequences above and beyond the already serious outcomes. Acting now with safety training can help avoid the hassle, cost and possible tragedy of one of these incidences. Contact SET Safety today to chat more about how our robust safety software can streamline safety for your company!

The contents of this article is provided as information-only and does not substitute workplace training, competency, legislative or industrial requirements. SET Safety and/ or the author is not responsible for the accuracy or validity of this information. SET Safety and/or the author does not accept liability for the reliability, accuracy or completeness of the information presented. This article does not substitute legal, jurisdictional or professional advice. The reader bears all responsibility to seek professional guidance or advice on any information noted in this blog or related to the content of this blog.