~ Risk ~
Management
Update
Members:

Here is the Risk Management Update from the Council of Industry and The Reis Group. This update features stories to help our members understand and manage the wide range of risks they encounter operating a manufacturing business - including safety and health, environmental, IP, cyber security, and more. Each issue features a specific risk to your business as well as information on ways to mitigate that risk.
Across the country, employers pay almost $1 billion per week for direct workers’ compensation costs alone, which comes straight out of company profits. In fact, lost productivity from injuries and illnesses costs companies roughly $63 billion each year.

According to the Occupational Safety and Health Administration (OSHA), workplaces that establish safety and health management systems can reduce their injury and illness costs by 20 to 40 percent. Safe environments also improve employee morale, which positively impacts productivity on the manufacturing line.

The Council of Industry and The Reis Group are partnering to offer qualifying members alternative and innovative insurance solutions.