Relates to workplace safety and loss prevention programs

This bill requires large employers with payrolls over $1.2 million and high safety risk ratings to participate in a mandatory workplace safety and loss prevention program. The Department of Labor will set specific rules for these programs and send written notices to eligible companies, requiring them to hire consultants for safety evaluations within thirty days. Employers must then implement any recommended safety fixes within six months, after which their insurance company will inspect the workplace to verify compliance. The law also includes a provision to annually adjust the payroll threshold based on changes in private industry wages.