If you work in the manufacturing industry, you may have heard about the
various products on the market that are designed to promote safety in
the workplace, for example, wearable devices, some of which come in the
form of vests and belt clips.
These wearable safety devices are intended to improve workplace safety,
reduce injuries and fatalities, and as a bonus to employers, reduce
workers’ compensation claims.
In February 2015, American Insurance Group Inc. announced its “strategic
investment” in Human Condition Safety, based out of New York. This
startup company is piloting sensor technology which is designed to:
- Identify workers’ potential injuries
- Reduce frequency of workers’ comp clams
- Reduce the severity of workers’ injuries
Currently, Target Corp. and BP P.L.C. are using sleep and activity tracking
devices to promote good habits among their workers, and now experts are
saying that more employers are interested in having their workers use
wearables to prevent work-related injuries.
Advocates of wearables believe that AIG’s deal will only enhance
that interest among other employers.
Paul Braun, the managing director of casualty claims at Aon Global Risk
Consulting in Los Angeles said that in the future, AIG could end up promoting
these wearable safety devices the same way Allstate Insurance Co. promotes
the Drivewise device.
With the Drivewise device, a driver plugs it into their vehicle allowing
them to earn rewards for driving safely, such as abiding the speed limit
and avoiding slamming on their brakes.
“There’s a real benefit here, both from a financial standpoint
in terms of reducing the cost of risk and improving the quality of someone’s
work experience,” said Lex Baugh, president of global casualty for AIG.
Sources in the insurance agency expect to see more widespread adoption
of these safety devices, especially in the next two to three years. It’s
happening rather fast, and time will tell if they actually prevent work-related injuries.
Injured in a work-related accident? Get the facts about your rights and
legal options and
call Katz, Leidman, Grossman, Wolfe & Freund for a free consultation.