The High Cost of Oil and Rising Insurance Premiums

One part of life that individuals, companies, and facilities deal with and often complain about is the insurance premium. There are dozens of types of insurance policies at your disposal. And some of them are painful when you consider the cost.

With flooring, oil build-up can be an issue, creating slippery situations. Then, if claims are filed, insurance premiums go up. They rarely go down. Understanding what causes slippery floors and then working to avoid them is critical considering both protecting people along with the cost of litigation.

Russ Kendzior is the founder and the executive director of the National Floor Safety Institute (NSFI) and has been involved in more than 1,000 litigation claims in his 20+ years in the industry. In this segment of Straight Talk!, he outlines what it takes to control insurance premiums and, with some effort, even get insurance companies to lower premiums for companies and facilities.

About ISSA:
ISSA membership provides unparalleled opportunities to improve your operations, boost your profits, and make valuable connections. Learn moreabout the benefits that are in store for you as an ISSA member:https://go.issa.com/issa-membership-form