Six-figure savings proves value of safety
February 6, 2009 by Fred HosierPosted in: cost of safety, Safety training, Special Report, What's Working in Safety
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Ever need to show upper management that safety saves money? One employer recently quantified the savings realized after putting more emphasis on workplace safety.
Bradley County, TN, says it recently saved more than $125,000 in 2008 compared to 2007 because of its upgraded safety inspections. It’s a 47% drop in workers’ comp expenses, according to a report in The Chattanoogan.
The County Safety Department said it had a 23% decrease in workers’ comp claims.
The county attributes the savings to stepped up safety training, employee awareness and quarterly safety classes for all employees.
The safety director also inspected all 33 county buildings at least once during the year for hazards that could result in an injury.
The county says it’s been more thorough than the state OSHA inspections would be.
OSHA has resources available online to help businesses quantify how much safety saves.
How do you show that safety saves money for your business? Let us know in the Comments Box below.
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Tags: inspections, safety classes, safety saves money, training, Workers' comp
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February 10th, 2009 at 3:39 pm
I became DRM on a consulting basis for a large Comppressed gas co in 1998 they were self insured and their OUT of POCKET cost for WC was $230,000 That was lost profit. We established many programs OSHA ,DOT etc and in 2007 the costs were down to $32,000 More profit and since that went to PROFIT SHARING all employees benefitted
They were acquired in 2008 by a HUGE company..
SAFETY SAVES