Insurance reward for firms with good safety record

COMPANIES which prove they are taking proper health and safety precautions to protect their employees and customers will benefit from lower insurance premiums, according to the Tánaiste.

Insurance companies are working with the Health and Safety Authority to develop a system whereby small and medium sized companies with good safety records would get a reduction in their insurance premiums.

Where companies had a good compliance record, the insurance companies will reduce premiums, Ms Harney said.