I've read a number of publications which state that companies can
reduce their liability costs if they switch to less hazardous chemicals or
engage in other pollution prevention (P2) practices that potentially reduce
risks to their workers. I also have read many case studies and other
publications that give dollar estimates for overall reductions in operating
costs as a result of implementing P2 in a facility, but I have not come
across case studies or reports that specifically document savings in
liability costs experienced by firms that implement P2.
So, to cut to the chase, what I'm looking for is specific cost savings data
along these lines for the printing industry.
Also, to help educate myself, how exactly would an insurance company
determine the reduction in liability costs? Do they use some sort of
elaborate "check sheet" that's primarily based on compliance with OSHA
and EPA regulations? Or are such charges costs always negotiated
between the company and the insurance provider? Are such insurance
charges "bracketed" in the same sense that our tax levels are?
Also, what work is being done to even further reduce liability costs for
those firms that go "above and beyond" compliance?
Thanks in advance for your replies!