When you fail to put safety measures in place at your business, you run the risk of losing everything you have spent so many years to build. That’s because one on-the-job accident can end up costing you a tremendous amount of money.
So how can you keep your workplace safe when you know little to nothing about implementing safety procedures? Chances are you will probably need to enlist the help of a SAFETY CONSULTING firm. Such a firm will help make sure that you and your workers are protected in the case of an accident. While you may believe you cannot afford such an investment, here are some important reasons why you cannot afford NOT to:
- Even small injuries cost big money. According to the Department of Labor, if an employee breaks a bone on the job, the business owner can be looking at nearly $100,000 in direct and indirect costs.
- Insurance doesn’t cover everything. If you are counting on your insurance plan to pick up the tab, think again. Insurance carriers usually cover only a portion of the costs associated with on-the-job injuries.
- Worker compensation costs skyrocket after just one injury. Worker compensation insurance can be relatively affordable—until you have an accident. Just one claim can cause a huge spike in your premium.
- Injuries hurt more than an individual. A good reputation is something that takes years to build, but only seconds to destroy. When people are injured at your business because you didn’t do what was necessary to keep them safe, you can bet people are going to question your judgement.
This blog post comes courtesy of our partner, Proactive Safety, a safety training company with classes in 8 states.