The service, a joint initiative between EEF and independent broker R K Harrison, assesses risk to the company against a checklist of 22 health and safety-related measures and initiatives.
Companies with a high score will see their efforts rewarded in the premium and benefits offered.
EEFIS is supported by a panel of blue chip insurance companies: Allianz, AXA, Norwich Union and Travellers. These companies have agreed to take account of EEFIS scorecard results when calculating premiums. All of them are invited to quote for each piece of the business; therefore a competitive process produces the premium and enhanced cover offered.
This innovative scheme was piloted in the West Midlands last year before being rolled out nationally at the beginning of this year. EEF members who have converted to EEFIS have saved up to 46% off their existing premium with one company saving over £100,000.
Malcolm Green, Business Development Manager at EEF West Midlands, said,
“We believe that companies that are serious about their obligations and that take positive steps to reduce risk through good health and safety measures should benefit from their actions.”
Stuart Rootham, EEFIS Director added:
“This award is recognition of all of the hard work in providing EEF members with a service that not just meets their expectations, but exceeds them. The response from members to the service has been quite fantastic”.
This is the fourth award for EEF in the last six months. The employers’ organisation was rated the top support organisation for manufacturing businesses in the UK, by The Manufacturer Magazine for the sixth year in a row. They were also named “Overall Winner” in the prestigious Occupational Health Awards 2007 for its unique Managing Sickness Absence Toolkit.
The third award was for Woodland Grange, EEF’s conference and training centre near Leamington Spa. The centre won the coveted gold award, for Best Conference Venue in the Coventry & Warwickshire region at the Godiva awards.
The attached photograph shows the award being received by Kathy Riley, EEF Director of Commercial Business Development, Stuart Rootham, Director, EEFIS and
Philippe Maso, CEO AXA Insurance
You can find out more details about the scheme at www.eefinsurance.co.uk/
EEF West Midlands is the largest employers’ association in the region, representing primarily engineering, manufacturing and technology-based organisations. Serving its member companies is a team of over 160 staff providing a wide range of experience and expertise.
Their HR and Legal team supports and advises on HR issues including employment law and employee relations and handles hundreds of employment tribunals for members annually. Safety and Environmental Services, the health and safety division of EEF West Midlands, also provides expert support to its members.
At their Technology Centre in Birmingham and the Conference and Training Centre in Leamington Spa, EEF West Midlands help develop the workforce required for businesses to succeed at all levels. This includes training 80% of all engineering apprentices in the Birmingham and Solihull area through to management development and nationally accredited courses for health, safety and environmental practitioners.
Nationally and across the region, EEF provides a powerful voice for its members.