We are pleased to announce that Lamb Financial Group has earned certification in Labor Law Regulation Part 60 pursuant to Section 134 of the Workers’ Compensation Law. The goal of the Workplace Safety and Loss Prevention Incentive Program is to:

  • help by reducing occupational injuries in the workplace by establishing Safe work environments
  • return injured employees to work as soon as they are medically cleared to do so
  • reduce workers’ compensation costs for New York employers
  • reward employers that have implemented an approved Workplace Safety and Loss Prevention Incentive Program   (a reduction in the insurance premium of up to 10% is possible with full implementation of the program)

WSLPIP or Industrial Code Rule 60 (ICR60) has three components: the Safety and Loss Prevention Program, the Drug and Alcohol Prevention Program, and the Return to Work Program.  WSLPIP allows employers who have an annual workers’ compensation premium of at least $5,000 and who have their most recent experience rating under 1.30 to voluntarily choose to participate in any or all of the programs.

Safety Incentive Program

This is established to prevent occupational illnesses and injuries by identifying, preventing, evaluating and controlling workplace hazards.  Implementation of a Certified Safety Plan will result in a 4% reduction in Worker’s Compensation Premiums.

Drug and Alcohol Prevention Program

This intends to inform employees of the dangers, to both themselves and others, of drug and alcohol use and abuse in the workplace. The program is designed to prevent alcohol and drug related accidents on the job and help employees with drug and alcohol problems that interfere with their ability to function on the job in a safe and effective manner.  Implementation of a Certified Drug and Alcohol Prevention Program will result in a 2% reduction in Worker’s Compensation Premiums.

Return to Work Program

This facilitates an employee’s return to work as soon as medically possible after a work related injury or illness.  This program should establish fair and consistent practices for accommodating the needs of injured employees to ensure a timely and safe return to work.  Implementation of a Certified Return to Work Program will result in a 4% reduction in Worker’s Compensation Premiums.

After the initial three-year period, the credit will be reduced to 2% for each year of the renewal period for each program.  Each renewal period will be three years.  You may apply for a credit as long as you qualify for each program.

To qualify, contact us regarding starting one or more programs that meet the standards outlined in ICR60.  As certified Workplace Safety and Loss Prevention Incentive Program Specialists, Lamb Financial’s Risk Management department can evaluate an employer’s program for compliance with ICR60, as well as assist an employer with program development if none exists.

Lamb also works with clients that are in the mandatory Code Rule 59 program to assist them in compliance.