Accidents Cost Money

Safety organizations, states, small business owners and major corporations alike now realize that the actual cost of a lost workday injury is substantial. For every dollar you spend on the direct costs of a worker's injury or illness, you will spend much more to cover the indirect and hidden costs. Consider what one lost workday injury would cost you in terms of: 

• Productive time lost by an injured employee; 
• Productive time lost by employees and supervisors attending the accident victim; 
• Clean up and start up of operations interrupted by the accident; 
• Time to hire or to retrain other individuals to replace the injured worker until his/her return; 
• Time and cost for repair or replacement of any damaged equipment or materials; 
• Cost of continuing all or part of the employee's wages, in addition to compensation; 
• Reduced morale among your employees, and perhaps lower efficiency; Increased workers' compensation insurance rates; and 
• Cost of completing paperwork generated by the incident.