Every $1 invested in safety returns $2 or more. You know why?

2023-03-01

Because accidents always cost the employer money. Some of the costs are obvious, and some are not. The cost of an accident can include:

• Salary replacement staff
• Overtime payments
• Retraining staff
• Production loss
• Productivity loss
• Increased supervision
• Loss of sales
• Lost time
• Reputation loss
• Loss of contracts
• Low staff morale
• Legal cost
• Accident investigation time
• Fines
• Increased insurance premium
• Closure of the business (plenty of example in industry)

Accidents cost money. Investments in safety make money.