Injuries in the workplace can be costly for your business. In the U.S., it’s estimated that employers pay more than $1 billion per week in direct, non-fatal workers’ compensation costs. That’s an alarming figure, and it’s enough to make every business owner ponder how to reduce such an expense.
As it turns out, employers who go above and beyond to exceed safety standards in the workplace could see an increase in profits. By reducing injuries and illnesses, and the workers’ compensation payments, medical expenses and lost productivity that can come along with them, you might see a healthier bottom line.