Whether you are a small business owner or director of EHS at a large corporation, you know the importance of safety. It’s important not only to workers and their families and production schedules; it also is important to the bottom line.
Non-fatal injuries requiring at least six days away from work cost U.S. businesses $61.88 billion per year in direct workers’ compensation costs according to the 2016 index. The top 10 serious, disabling, non-fatal workplace injuries or accidents account for 82.5 percent of that total – $51.06 billion of the total cost burden.
Sandy Smith is the former content director of EHS Today, and is currently the EHSQ content & community lead at Intelex Technologies Inc. She has written about occupational safety and health and environmental issues since 1990.