Insurance and Workers' Compensation
Slip-falls are the number one cause of accidents in hotels, restaurants, and public buildings and 65 percentof all lost workdays are due to slip-fall accidents. It's an unfortunate fact that insurance premiums continue to rise and litigious employees, customers, and guests are quicker than ever to take legal action when they're injured in a slip-fall incident. Having SureFloors treat your surfaces will not only reduce injuries, it can help reduce your insurance premiums for years to come.
As a Texas employer, if you offer self-funded workers' compensation coverage, the anti-slip coatings and treatments from SureFloors can provide cost savings directly to your workers' compensation bottom line. Even if you've opted out of workers' compensation coverage, wecan help you reduce slip-fall accidents and employee legal action.
In addition to the cost savings in insurance premiums and costs, the documentation provided to you through the Floor Safety Maintenance Program can be a valuable tool in defending against injury claims.
• Slip-falls are the number one cause of accidents in hotels, restaurants, and public buildings.
• Slip-falls cost the average business owner $12,470 per fall.
• 70 percent occur on smooth and level surfaces.
• Insurance rates are increasing on an average of 30 percent per year.
• 40 percent of all accident claims paid are worker's compensation and liability claims.
• 65 percent of all lost workdays are due to slip-fall accidents.
(Combined data from Liberty Mutual and Health Canada)
IRS/ADA
Through a combination of Internal Revenue Service (IRS) tax regulations and provisions in the Americans with Disabilities Act) (ADA), your business may quality for tax credits and deductions of up to $10,000 per year if you treat your surfaces to make them anti-slip.
SureFloors will assist you in documenting your anti-slip modifications for use in filing the necessary paperwork to obtain these deductions and credits.
To learn more about the IRS and ADA tax credits and deductions, see:
IRS article:
Know the Rules Regarding Tax Incentives for Improving Accessibility for the Disabled
Work World article:
Disabled Access Tax Credit
IRS form 8826:
Disabled Access Credit
IRS article:
Definitions