If investing in safety at the workplace sometimes seems costly, there are numbers that show just how expensive the alternative can be.
The most serious workplace injuries cost companies in the United States $59.9 billion per year. That's according to the 2017 Liberty Mutual Workplace Safety Index, which used figures from 2014, the most recent year statistically valid injury data are available from the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance in order to identify critical risk areas in worker safety.
The index looks at what caused employees to miss six or more days of work and then ranks those reasons by total workers’ compensation costs.
Taking the top spot in this year's index was overexertion involving outside sources. That category includes lifting, pushing, pulling, holding, carrying or throwing objects. Such injuries accounted for 23% of the total costs, or $13.79 billion.
The remaining categories in the top 10 were:
-falls on same level, $10.62 billion, 17.7%;
-falls to lower level, $5.5 billion, 9.2%;
-being struck by object or equipment, $4.43 billion, 7.4%;
-other exertions or bodily reactions, $3.89 billion, 6.5%;
-roadway incidents involving motorized land vehicle, $3.7 billion, 6.2%
-slip or trip without fall, $2.3 billion, 3.8%;
-caught in or compressed by equipment or objects, $1.95 billion, 3.3%;
-struck against object or equipment, $1.95 billion, 3.2%, and
-repetitive motions involving micro-tasks, $1.81 billion, 3.0%.
That order in among the top 10 was unchanged from the previous year. What did change from year to year, however, was the share of the top 10 causes of serious workplace accidents. In 2014, the cost of all disabling workplace accidents was 83.4 percent, up by just under 1% from 2013. The report also found that falls on the same level and roadway incidents continued to increase.
At Workplace Safety & Health Co., our primary concern is to assist customers in reducing injuries and illnesses while promoting their profitability through robust health and safety management practices. A mock OSHA audit from Workplace Safety & Health Co. can provide valuable insight into the presence of unsafe conditions and/or unsafe work practices that may be present at your facility. Give us a call or visit our website to learn more about how we can help.