Question

Of the cost reduction strategies for workers' compensation mentioned in the required readings, which one do you think would work best in an industry you work in or an industry you are interested in working in? Why do you think this method is the best for your chosen industry?

Answer 1

In industries together with production, we want people to address the manufacturing of merchandise and the usage of heavy machinery.

What is the painting situation?

In such painting situations, people are at risk of injuries, and this prices the maximum for the company. So so that you can put into effect value discount is such conditions we want to have right coincidence cowl plans for the people and make sure all of the protection precautions are taken withinside the factory.

1. The people have to be properly educated on using protection measures and in case any injuries arise we have to have coverage claims in order that we not want to make investments extra cash and we also can offer protection and protection to the people.
2. This approach is excellent for this enterprise due to the fact regardless of what number of precautions we take people are uncovered to fitness risks and as a result having the right coverage insurance is a superb value discount strategy.

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