Thursday, May 20, 2010

Why Preventing Work Place Accidents is a Sound Financial Business Strategy

Why Preventing Work Place Accidents is a Sound Financial Business Strategy: "Immediate visible losses created by workplace accidents

When a business repeatedly claims insurance costs for accidents, their premium will inevitably rise adding to the overheads of the business.
When the accident occurred, it is likely that other employees stopped work to look at or comfort him/her, or just out of curiosity. For how long? What was the cost?
Did someone take the victim for treatment? Who did their job?
What was the loss in dollar terms?"