From slip, trip and fall hazards to exposure to harmful chemicals, there are a variety of safety risks that workplaces in New Jersey are vulnerable to. Safety-minded employers and managers can consider what one insurtech startup in Iowa has developed as a way to reduce these risks and prevent accidents.
MākuSmart has created a wearable band and cloud platform to transmit environmental and motion data in the workplace. While employees wear the band, it can detect changes in temperature and lighting, report any near-misses and even identify high-risk areas and trends once the data is accumulated. Since managers are not all data scientists, they will also appreciate how consumable the data is.
It’s the responsibility of employers and managers to be proactive and use this information to improve safety. They could, for example, set up appropriate equipment and supplies in high-risk areas and provide ongoing training. The data can also be used to streamline the investigation of workers compensation claims.
Insurance companies can use this data to create more accurate property and casualty policies. They can also better deploy their risk reduction resources based on claims data; insurance brokers could use it to address client loss and implement risk control strategies.
When workers suffer a temporary or permanent disability from an accident on the job, they might be covered for medical expenses and for the wages lost during that period of recovery thanks to the workers compensation program. However, it’s recommended that they hire an attorney for the process even if they are willing to settle for a lump sum payment. Those with permanent disabilities may opt for weekly or monthly payments after they receive a specific disability rating from the insurer. If the claim is denied, the attorney may speak on their behalf during a hearing.