Home | HUB International | A new Culture of Safety -- with Bottom-Line Benefits: How Rytec worked with HUB to engage employees and minimize workers’ compensation claims

A new Culture of Safety -- with Bottom-Line Benefits: How Rytec worked with HUB to engage employees and minimize workers’ compensation claims

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A new Culture of Safety -- with Bottom-Line Benefits: How Rytec worked with HUB to engage employees and minimize workers’ compensation claims

In the spring of 2014, with staff nearing 200 and rapidly expanding operations, Rytec Corporation, a leading industrial door manufacturer located in southern Wisconsin, was facing growing exposure to workers’ compensation (WC) claims, among other risks.

[CASE STUDY]

With HUB, Rytec started on a safety journey that ultimately reduced its experience modification rates by 20%. The journey to was a two-part plan. 

Part1: Technical Approach

  •  An enterprise risk management (ERM) assessment was performed including: employee safety, IT data security, business interruption and an evaluation of Rytec’s physical property.

Part 2: Complete Overhaul of the Safety Culture

  •  HUB and Rytec worked together to address regulatory compliance requirements, establish a visible safety committee within the company, revamp Rytec’s accident and investigation policy and procedures and train a new safety manager. 

Rytec’s transition to a culture of safety resulted in a win-win for employees and the company’s bottom line alike. Not only are employees excited about the new safety requirements, but these changes have positively impacted the bottom line because of lower WC insurance rates and a lower experience mod – a factor that determines your WC insurance rate, as compared to peer companies.  

Read A new culture of safety - How Rytec worked with HUB to engage employees to minimize workers’ compensation claims to understand how partnering with a HUB broker can improve your operations safety culture. 

 

 

HUB International
HUB International
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HUB International was born in 1998 with the merger of 11 privately held insurance brokerages. That number has grown to include more than 400 integrated brokerages across North America. Today, HUB is one of the largest insurance brokers in the world. Our network is broad, deep, and represents a one-of-a-kind aggregation of insurance entrepreneurs with a deep knowledge of the big issues you’re facing right now—and those that will affect you in the future. Get the latest business insurance insights.