Which of the following best describes a safety program's influence on a business?

A safety program plays a crucial role in affecting a business's overall risk profile and can significantly impact insurance premiums. When a company implements a comprehensive safety program, it actively identifies and addresses potential hazards and risks in the workplace. This proactive approach reduces the likelihood of accidents and injuries, which, in turn, lowers the overall risk associated with the business.

Insurance companies assess the risk level of a business when determining premiums. A well-structured safety program demonstrates to insurers that the business is committed to reducing risks, which can lead to fewer claims over time. As the number of claims decreases and risks are managed effectively, insurers are likely to offer lower premiums as a reward for the company's diligence and commitment to safety measures.

While other aspects of a safety program may have financial implications, such as initial setup costs or potential complications in operational procedures, the overarching benefit lies in the ability to mitigate risks and ultimately lower insurance expenses.