Incident reports are an essential form for any business. When your company follows proper incident reporting procedures, you can save yourself a lot of time and money. Here are a few of the reasons why it is important to prioritize incident reporting for your company.

Protect yourself from law settlements

Unfortunately, when a company is sued, the filer of the suit often doesn’t have to provide as much evidence in order to win the suit. To protect your business’s interests, incident reporting is the best way to go. By having meticulous incident records, should your company be sued, you can disprove their claims and point out inconsistencies in their stories. While many times, companies end up settling out of court in order to save time and money, if you have diligently maintained incident reports, you can provide undeniable proof that they have no case.

Protect yourself from fines and claims

Depending on your industry, there are a variety of organizations, such as OSHA, to whom you must answer. If you fail to report incidents, you may face fines. Additionally, it’s common for employees to file workers’ compensation claims in an attempt to take advantage. Thorough incident reporting enables you to discredit these claims quickly. If you require employees to always file incident reports in the event of an accident, and this employee fails to, they have no case. This saves your company time and money.

This information may make the difference between your business successfully thriving, and losing money unnecessarily. When implementing incident reporting for your business, you may consider using an incident reporting software to ensure that your forms are well-organized and easily accessible. Presynct_OnDemand is an incident reporting software that allows you to keep your forms all in one place that is accessible from anywhere, at any time. You can learn more about our software here.