Mitigating Risk is Big Business

In 2016 there were 2.25 million slip and fall claims with a total payout of $63 Billion Dollars in the United States


Parking Lots (35%) and Sidewalks (25%) accounted for 60% or more than 35 Billion Dollars of the payout.



Mitigating risk has never been more important!

The first call to action in any litigation typically involves records and documents. Think about gathering and photocopying handwritten time sheets, check lists, photographs and such – or – running a computer generated report neatly bundled, time and date stamped including photos and all working notes relating to services that is stamped and verified with GPS Co-ordinates. The value and importance of records and your process in obtaining them cannot be overstated, or valuable when the call comes, as they do sometimes.

As Insurance Premiums skyrocket to the point of putting Snow and Ice Management Companies out of business technology has proven to keep insurance costs manageable and in line for companies utilizing them.

Considering the average cost of a slip and fall claim is 28,000 and that Insurance Premiums are directly related to those claims, the ROI is high, and cost swiftly justified.

Managing Risk with Quality Documents and Records Pays Off https://www.youtube.com/watch?v=dLi821TP9Co https://www.crewtracker.com/solution

Sources

Snow & Ice Management Association: Industry Market Landscape

Executive Summary – May 2016


  • Total Claims 2,250,000

  • Average Cost $28,000

  • Total Payout $63,000,000,000

  • Parking lots 35% = 787,500 claims = $22,050,000,000

  • Outside Buildings 25% = 562,500 claims = $5,750,000,000

  • Sidewalks 21% = 472,500 claims = $13,230,000,000

  • Other 19% = 427,500 Claims = $11,970,000,000


Slip and Fall Consumer Alert - CTV News Toronto


Reduce snow and ice liability this season

BY MARK BRADLEY



Shelly Kipp, Customer Success Manager at CrewTracker Software

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