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Reducing
the Costs of Accidents
OSHA strongly believes that an effective safety and health program is the answer
and we have the results to prove it!
- After
focusing on its safety and health program, an Atlanta company reported
that, from 1994 to 1996, their annual Workers' Compensation claim costs
fell from $592,355 to $91,536, a savings of $500,000.
- After
implementing a 100% fall protection program and supervisory accountability
for safety, Horizon Steel Erectors, Inc., had a 96% reduction in its
accident costs per person per hour, from $4.26 to $0.18.
Other companies
who value workplace safety and health, such as OSHA's
Voluntary
Protection Program (VPP) participants, have experienced significant
economic benefits as a result of their excellent safety and health performance.
Together, VPP
sites in more than 180 industries [Sound Clip] are estimated to have saved more
than $130,000,000 in direct and indirect costs in 1999.
Notice: One study estimated that a safety and health program saves
$4 to $6 for every $1 invested.
Charles Jeffress speech, 10/30/1999 |
Once you've
decided to implement a safety and health program, where do you start?
Go to Module 2 for more information on how safety
and health should fit into your workplace.
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