Safety remains a priority in every aspect of our business. Simon Roofing is very proud of its safety record, which continues to be better than most in the roofing industry.
The most reliable indicator of a company's safety record is its Experience Modification Rate. This figure is derived by the insurance industry using a complex formula that takes into account many factors, including payroll, man hours worked and various losses that can be attributed to the industry as a whole.
Any figure higher than 1.0 is a debit modification and will result in higher insurance premiums. Figures below 1.0 are credits and result in lower premiums.
Simon's present Experience Modification Rate of .87 is a testament to Simon's commitment to continuously monitoring and looking for ways to improve our safety record.
|
|
The Incident Rate is the primary indicator of safety performance measurement. Incident Rates are fairly easy to figure out and can be compared between one company and another. It is widely used throughout the industry.
Incident Rates are measurements of past performance and illustrate how many workrelated incidents have occurred, as well as the severity of each one.
In 2010, Simon posted a .75 average which was 87% lower than the industry average of 5.7.
Simon Roofing's commitment to safety is relentless and includes training for all of its employees - both on and off the roof. Our ongoing goal is to lower the Incident Rate and decrease the Experience Modification Rate each and every year.
|
