The BSI Group has urged industry to improved occupational health and safety to reduce EL insurance costs, following proposals on the revision of the British Standard on occupational health.
Mike Low, director of British Standards for BSI Group, said: "BS 8800 is being revised for a whole host of reasons, and it is hoped that the new version will help organisations manage this vital area of their business.
"Importantly, the Government will work with the insurance industry to develop fairer risk-related premiums to reward companies with a strong health and safety record, particularly small and medium-sized businesses.
"If companies can persuade insurers that they are low risk then premiums should be lower. This can be achieved by demonstrating a real commitment to OH&S including a sound management system with regular risk audits, a clear policy and proper documentation of all procedures and intolerance to unsafe practice throughout the organisation.
"The effects of costly employment liability insurance are not exaggerated. Not only are the premiums high, but so are the costs of prosecution and claims, quite apart from the suffering caused and adverse publicity."
It said the draft consultation paper for the British Standard on health and safety, BS 8800, was a prime opportunity for British businesses to express their opinions on the subject. Comments need to be given to BSI by 29 February 2004.
