Dennis Tsonis, senior vice president and construction practice leader at Lovitt & Touché, shared his expertise in risk management for construction companies in an article for In Business.
As Arizona recovers from the economic downturn, it is important that contractors make workplace health and safety a priority. Dennis notes that doing so improves workers’ welfare and protects the contractor from expensive Workers’ Compensation claims, which can increase insurance premiums and cost the contractor a big contract.
He stressed the importance of continually assessing the company’s safety culture and setting SMART (specific, measurable, attainable, realistic, and timely) goals to lower risk scores over time. Companies that go the extra mile with these practices often are rewarded with lower insurance rates and workers who stay safe on the job.