Betting on Safety: Faced with rising costs for workers compensation insurance, Commercial Lumber & Pallet changes its approach to insurance and ramps up safety efforts.
Facing hundreds of thousands of dollars in insurance premium increases, Commercial Lumber & Pallet (CLP) made the risky leap from the state fund to a large deductible insurance plan. At the same time, the company ramped up safety programs. What once looked like a big gamble has resulted in major savings and safety improvements for this City of Industry, Calif. pallet company.
Workers compensation insurance has become a major cost concern for most pallet and sawmill operations across the country. The forest products industry has a fairly high incident rate, which translates into steep insurance costs.
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