You need not be an accountant or statistician to know that safety is essential for business. The sampling of the annual cost incurred as a direct result of accidents clearly provides a business case – if not an ethical mandate – that safety should be the first thing for every company.
- Approximately six million workers suffer from non-fatal workplace injuries at an annual cost to U.S. businesses of more than $125 billion. (Occupational Safety and Health Administration)
- Lost productivity from the workplace injuries and illnesses costs companies about $60 billion annually. (OSHA)
- The median days away from work because of injuries and illnesses for goods-producing industries is nine days each year, with more than a quarter of days-away-from-work cases at 31 days or more away from work. (Bureau of Labor Statistics)
- The total annual economic cost of occupational injuries and death is estimated to exceed $142.2 billion, with a total of about 120 million days lost due to occupational deaths and injuries. (National Safety Council)
- Businesses spend some $170 billion a year on costs that is associated with occupational illnesses and injuries. (American Industrial Hygiene Association, OSHA)
- Employers annually spend more than $50.8 billion in wage payments and medical care for workers hurt on the job. (Liberty Mutual)