Why Workplace Injury Prevention Should Be A Priority For Businesses

Work accidents can happen anytime and anywhere, no matter how safety-conscious people are. Whether an employee sustains injuries in a slip and fall mishap or gets hurt while driving a company vehicle, the responsibility falls on the employer. Safe workplaces should be on top of a business owner’s checklist when it comes to running successfully. But most employers tend to leave employee safety at the chance. Going slack with workplace safety is the worst mistake because accidents and injuries have far-reaching implications. Let us explain why injury prevention should be a priority for an organization.

Direct costs

The direct costs of workplace injuries can be substantial, and they can easily press your company’s budget. Even minor mishaps may burn a hole in the business budget because the direct costs can add up. Here are the ones you should be aware of-

  • Regulatory penalties- As a business owner operating anywhere, you must ensure compliance with employee health and safety guidelines. A mishap leads to inquiries, and your organization may be found guilty of non-compliance. It opens the risk of hefty regulatory penalties, lawsuits, and even imprisonment, depending on the severity of the safety violations. It is easy to avoid these risks by ensuring compliance and preventing mishaps in the first place.
  • Medical compensation- Employees injured on the job are legally entitled to workers’ compensation benefits from their employers. They can check with the Work Accident Advice Centre to determine whether their injury qualifies for compensation, calculate the rightful claim value, and understand the claims procedure. The concern gets more daunting in case of severe injuries and employee fatalities because the compensation value gets much higher.
  • Cost of legal services- Another expense that an organization has to bear due to workplace mishaps is the cost of legal services. You will have to bring a solicitor on board as a part of your defence strategy, and these services come with a hefty price tag.
  • Investigation and record-keeping- An employer is responsible for conducting an accident investigation and maintaining records of the claim regardless of the severity of the employee’s injury. It can be an additional expense in the form of cost and time for the company.

Indirect costs

Besides the direct costs of workplace injuries, employers have to bear some indirect ones. These costs do not manifest directly, but they can be painful in the long run. Here are the ones you may encounter on digging deep-

  • Lost productivity- Injured employees miss out on work during the recuperation period. They may not return with the same levels of productivity even after recovery. Moreover, mishaps can hurt employee morale The situation hits the overall efficiency of your business as other employees have to cover up for the absent co-workers.
  • Training costs for replacement workers- Replacing injured workers can be expensive and time-consuming because of the hiring and training costs. Moreover, you cannot expect them to get into a high-performance mode right away. They may even make expensive mistakes during the early days. It is better to prevent mishaps and injuries in the first place than bear these expenses and risks.

Workplace injuries can be as painful for employers as the employees who actually bear them. Consider these costs and do your best to steer clear of accidents rather than bear their brunt.