Justification and ROI of Safety Programs and Machine Safety InvestmentDownload Now
This papers talks about the cost of safety programs and systems that United States businesses have to pay. Learn about what would happen if your employees suffer accidents and there are inadequate safety measures in place? What if nothing happens?
Each year, six million workers suffer from non-fatal workplace injuries, resulting in an annual cost of more than $125 billion to United States businesses .Outside the primary objective of reducing injuries to people or property, proving the value of a safety system is
an ongoing challenge for safety professionals and risk managers. Many find it difficult to financially justify discretionary investments in safety-related assets and training intended to reduce work-related injuries and insurance premiums.
Compare this to something from everyday life: investing in automobile insurance. Predicting future automobile accidents is difficult, and insuring against them may seem a frivolous expenditure for people who consider themselves safe drivers. However, it is
necessary to think of the other people on the road who impact their risk of an automobile accident; insurance protects drivers not only from themselves, but also from others.
Like driving, personnel in a manufacturing facility have to monitor their own safety. They must also be aware of how they are affected by the at-risk behaviors of co-workers. With noise, numerous machines and a handful of people on the plant floor, one mistake
can result in a serious incident that can cause personal injury and wreak havoc on production. Much like automobile insurance, investing in safety is based on a what if. What if something happens and there are inadequate safety measures in place? something happens and they are in place? What if nothing happens?