Why should companies make every effort to ensure safety and health in the workplace?
As we all know, companies and employers must implement the health and safety at work, not is it only statutory nor mandated but makes for good business sense. Although many companies strive to do this as diligently as possible, there are still those with high incidents of injuries that turn into compensation claims for employees. Today, we take a look at the various aspects of this topic and how to deal with them accordingly.
Why are both the safety of employees and labor safety important?
Given the high costs of work-related illnesses, injuries and even work-related deaths that dig deep into the pockets of business owners, we could definitely say that 'safety is king', with the top reasons being:
- Reduces health risks for employees
- High labor productivity in the workplace
- Low presence of absenteeism among employees
- Creates a sense of morale in the company workforce
- Positive business image to prospective employees, business partners and/or consumers
- Reduces chance of lawsuits from disgruntled employees and possible administrative fines from government agencies
- Lowers EMR for employee compensation insurance premiums
What's going on?
The National Safety Council estimated the total cost of workplace accidents at $ 161.5 billion in 20017 alone where $ 12.5 billion of these expenses come from uninsured employers. This also includes 104,000,000 days lost in the same year due to occupational accidents. In the coming years, another 55,000,000 days of fatal injuries and permanent disability was also forecast and may even rise. Also, according to the file of claims dating from 2016 to 2017, the most expensive claims are due to motor vehicle accidents, which averaged $ 78,293 per submitted case across the United States. The only other injuries at work with high costs were burns, slip & fall, and caught in machinery. This may seem like a jumble of numbers but what all of this means is more expenses, losses in revenue and productivity for many companies and a huge headache for business owners.
What can be done?
With certain jobs prone to this type of injury, and a huge rise in many companies in the United States, how can companies manage and control the safety of employees?
Here are a few tips:
Education and TrainingAn ounce of prevention is worth a pound of cure. Of course, taking the time to train staff is exhausting. Showing the correct posture or tool for a task can be just as labor-intensive as the task itself. Ensuring that bright warning signs are placed where needed is both tedious and expensive. Then again at the end of the day, it is less stressful and costly than the billions of dollars lost through serious, non-fatal and fatal work-related injury.
Regular Safety Checks and MaintenanceAfter becoming familiar with safety and its importance in the workplace, you must ensure that all equipment is functional and that working conditions are kept safe are also key elements in safety. If an employee finds that equipment is defective or any tools that need to be replaced, this must be reported immediately to avoid further danger to other on-site employees.
Manage and Enforce Security Protocols
So, now that we know what to do, it's time to make sure everyone is doing the right thing. Keeping one person safe is fantastic! But the security of your business, the people your business provides services to, and the community your business belongs to is even better!
Be RealisticWhen the going gets tough, we need to call the experts. Whether it's occupational and worker safety or insurance experts, knowing when to ask for help is detrimental to success. In conclusion, if you need sound advice, don't hesitate to contact us. We will always be there to relieve you and help you find the perfect solution for your insurance needs.
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