Money Factor

Every year workplace injuries, illnesses and deaths cost our nation $170 billion. That's money that businesses can save and pain workers can avoid.

How can you save money while improving safety and health in your facility?

One study estimated that a good safety and health program can save $4 to $6 for every $1 invested.

That's because injuries and illnesses decline. Workers' compensation costs go down. Medical costs decrease. There are other, less quantifiable benefits as well - reduced absenteeism, lower turnover, higher productivity and increased morale.

There are direct and indirect costs related to all accidents:
Direct Costs are medical costs and indemnity payments.
Indirect Costs refer to production time lost by the injured employee, fellow workers and supervisors; spoiled product, unhappy customers; cleanup time; schedule delays; training new employees; overhead costs; legal fees and an increase in insurance costs.

Contact us today to learn more about our cost effective safety solutions that can SAVE you money.

OSHA's "SAFETY PAYS" Program

OSHA's "$AFETY PAYS" program is an interactive software developed by OSHA to assist employers in assessing the impact of occupational injuries and illnesses (with Lost Work Days) on their profitability. It uses a company's profit margin, the AVERAGE costs of an injury or illness, and an indirect cost multiplier to project the amount of sales a company would need to generate in order to cover those costs. Click link for demo

One of the most confusing components of an employer's workers' compensation policy is the experience modification factor. Employers watch it increase and decrease from year to year without much understanding of how it works and what they can do to manage the experience mod to the absolute minimum.

Most employers intuitively suspect that if they have injuries, their experience mod will go up and, if they reduce or eliminate injuries, it will go down. While there is much more to it, at a basic level, their intuition is correct! Proper Case Management can also play a role in preventing an incident from becoming an OSHA recordable. Contact us today to learn more about our cost effective Risk Management solutions.

Legend/OSHA "Add Value" Brochure

Providing workers with a safe workplace is central to their ability to enjoy health, security and the opportunity to achieve the American dream. Addressing safety and health issues in the workplace also saves the employer money and adds value to the business. Click pdf icon to learn how investing in safety will save you money.

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