Falls from great heights resulting from lack of or improper fall protection specifically in regards to the framing process, plague the wood frame construction industry. These claims normally have the largest exposure associated with them for general contractors and sub-contractors alike. Even with contractual indemnity clauses (action over claims), the developer/builder remains exposed to these high-dollar suits when the subcontractor's general liability policy runs out of coverage. So even though the sub-contractor has tendered the defense for the general contractor, these high-dollar claims still loom over the general contractor, causing exposure.
Your insurance carrier realizes this fact and takes it into account when writing the general liability policy for projects. Insurance carriers provide scheduled credits to their clients to differentiate from a general contractor that is exposed to less risk than another. Examples include past claim history, length of time in business, the location where doing business and the quality of their SAFETY PROGRAM.
Even though we can't change the length of time in business and the location of the project, using the Safety Pole System during the framing process will have a great impact on the scheduled credits received for the project. It provides claim cost reduction.
Using the Safety Pole System will greatly reduce falls from heights. When a fall does happen, and the worker is utilizing the Safety Pole System, the resulting injury is minimal, and most claims will rarely reach a point beyond the indemnity coverage. When showing the safety equipment on your job sites, an insurance carrier's loss prevention specialists will be able to see the value and innovation that the general contractor is using to reduce claims. Thereby, you receive a superior safety program rating.
Over time, there will be a positive effect on past claim history. There will be an increase in scheduled credits in future years because there will be a reduction in claims while using our fall protection device. This impact will be immediate for the following project/year since insurance companies' weigh the most recent 3 years of claim history the highest.