It is estimated that close to $1 billion is paid by employers every week to cover the costs of workers’ compensation for injuries sustained at work. Together with other indirect costs involved in dealing with workplace accidents, this amount highlights the importance of implementing robust health and safety procedures when setting up a new business. While safety is a priority in hazardous situations, common accidents and injuries such as falls and overexertion can occur in any type of working environment. Suffering a serious injury at work is devastating for an employee and their family, but the resulting compensation costs, loss of productivity and low morale can also have a negative impact on a business. By implementing workplace safety procedures and providing adequate safety training, employers can nurture a safety culture that protects their employees as well as their business interests.
Meeting Legal Requirements for Safety
Preventing Common Workplace Accidents
With so many factors to consider when setting up a new business, health and workplace safety may not be a priority. However, implementing a robust health and safety policy early not only safeguards employees from preventable hazards in the workplace, but also protects employers from the potentially ruinous consequences of dealing with a serious accident or injury that occurs under their watch.
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Author: Guest Contributor
