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LAORM. Loss Prevention Introduction. Services FARA Provides:. Conduct Full Audits – every 3 years Compliance Reviews – conducted in between Full Audit years Facility Walkthroughs – annually Building Appraisals – 4 year cycle Assist in Inspections

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LAORM

Loss Prevention

Introduction


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Services FARA Provides:

  • Conduct Full Audits – every 3 years

  • Compliance Reviews – conducted in between Full Audit years

  • Facility Walkthroughs – annually

  • Building Appraisals – 4 year cycle

  • Assist in Inspections

  • Accident/Incident Investigations

  • Ongoing Consultations

  • Offer LP Coordinator Training


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Training:

  • Annual Training on LP Program

    • New and Existing LP Coordinators

    • Conducted on a quarterly basis across the state at the following

      predetermined regional sites:

  • February 2012 – Baton Rouge

  • April 2012 – Monroe

  • July 2012 – Thibodaux

  • October 2012 – Mandeville

    • An email containing an Eventbrite web link will be sent to all

      Agencies to register for a specific training class.

    • Also training can be offered within the quarterly intervals

      through live teleconference / webinar setting.

  • Next Step Defensive Driver Training

  • Forklift Training



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Additional LP Information:

www.laorm.com

  • Claims Reporting

  • Loss Analysis Info

  • LP Video Library

  • LP Training Resources

  • Contact Information



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LAORM

Loss Prevention

Targeted Risk Improvement Program


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Program Overview


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How is the CPH Calculated: Prevention.

  • Total number of hours worked per year divided by the total claims cost for that year.

  • Avg. cost per employee’s hourly wage that goes towards WC claims cost.


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  • Calculate all agencies/locations CPH Prevention.

  • Set a targeted benchmark

  • Formally invite agencies in writing that are above the benchmark to participate in the Program. (Not Mandatory)

  • LP Consultant conducts detailed loss analysis by Line of Coverage (i.e., Workers Comp, General Liability, Commercial Auto, etc.), accident type, occupation, location, etc.

The Targeted Process:


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  • LP Consultant will meet with agency representative to review loss data, establish program goals to mitigate loss drivers, and review process protocol.

  • Work alongside agencies’ LP Coordinators to find solutions that meet the agencies’ needs and budget constraints.

  • Discuss & recommend tools available to the agency.

  • Monitor Results.

Process, cont…


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Top Performing Agencies: loss data, establish program goals to mitigate loss drivers, and review process protocol.


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  • 2010 WC claims cost the state loss data, establish program goals to mitigate loss drivers, and review process protocol.30.2¢ per man-hour worked

  • A reduction of just 1¢ per man-hour would save the state $1.9 million in claims cost in a year’s time.

  • A reduction rate of 1¢ per man-hour would result in a cumulative savings of $18.6 million in claims costover the next 4 years.

  • Maximum results can only be achieved through commitment, cooperation and support at all levels.

Program Facts


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Questions & Answers loss data, establish program goals to mitigate loss drivers, and review process protocol.


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