Benefits of Safety

Promotion, education and awareness are vital and essential element of Occupational Safety and Health (OSH) programs in the ongoing effort to:
  • Reduce and eliminate worker injuries or illness.
  • Reduce accident costs.
  • Increase productivity.
  • Boost employee morale.
  • Generate good will between employees and management.
  • Lower operating costs.

HOW SAFETY CAN SAFE COSTS?

 
The costs of accident prevention are relatively easy to assess in comparison with the costs of accidents. Firstly, there are the design costs, such as those costs required to install machine guards to protect workers. Secondly, there are the operational costs, such as the costs of running a safety department (e.g. training, protective clothing, etc.). Lastly, there are the planning and consequence-limiting costs which refer to “safeguarding the future”, as for example in the costs of environmental sampling or the costs of safety audits.

 
THE ACCIDENT ICEBERG

 
Insured Costs:
Covering injury, ill health, damage.

 
The Hidden Uninsured Costs:
(8-36 times as much as insured costs)
  • Product and material damage.
  • Plant and building damage.
  • Tool and equipment damage.
  • Legal costs.
  • Expenditure on emergency First-aid supplies.
  • Clearing site.
  • Production delays.
  • Overtime working.
  • Temporary labor.
  • Investigation time.
  • Supervisor’s time diverted.
  • Clerical efforts.
  • Fines.
  • Loss of expertise / experience

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