There’s no doubt about it: accidents and illnesses on the job site are a major setback for both an employee and a company. However, the full cost of each workplace incident can be even greater than one might first think, especially if you’re not prepared for an incident. In addition to direct costs paid by your worker’s comp insurance, the indirect costs for a single accident begin adding up quickly in ways that may impact your business in the long run. In fact, it’s estimated that there are $3 of indirect costs for every $1 spent on direct costs per accident.
Use this infographic to understand all of the direct and indirect costs of workplace injures and illnesses and begin taking steps to create and implement a proactive workplace safety program today.
Free On-Demand Safety Program Training: A documented safety program is a key step towards mitigating your business’s risks and controlling costs in the event of an incident. Regional Safety Manager at Avitus Group, Stephen Kazimir, presented why and how to start building a documented safety program in his event “Safety and Success: Protecting Your People, Productivity and Profits.”