Workplace fatalities, injuries, and illnesses cost the country billions of dollars every year. In its 2012 Workplace Safety Index, Liberty Mutual estimated that employers paid almost $1 billion per week for direct workers' compensation costs for the most disabling workplace injuries and illnesses in 2010. Employers that implement effective safety and health management systems may expect to significantly reduce injuries and illnesses and reduce the costs associated with these injuries and illnesses, including workers' compensation payments, medical expenses, and lost productivity. In addition, employers often find that process and other changes made to improve workplace safety and health may result in significant improvements to their organization's productivity and profitability.
Source: David Levine, Michael Toffel, and Michael Johnson, "Randomized Government Safety Inspections Reduce Worker Injuries with No Detectable Job Loss." Science, Vol. 336, No. 6083, pp. 907-911 (May 18, 2012). See Abstract and Press Release.
Source: J. Paul Leigh, Economic Burden of Occupational Injury and Illness in the United States." Milbank Quarterly, Vol. 89, Issue 4, p. 728 (Dec. 2011).
Source: 2013 Liberty Mutual Workplace Safety Index (PDF). Liberty Mutual Insurance Company, (2013).
Source: Goldman Sachs JBWere Finds Valuation Links in Workplace Safety and Health Data. Goldman Sachs JBWere Group, (2007, October). See Press Release.
Source: White Paper on Return on Safety Investment. American Society of Safety Engineers (ASSE), (2002, June).
Source: Chief Financial Officer Survey. Liberty Mutual Insurance Company, (2005).
Source: Anthony Forest Products. OSHA Small Business Success Stories, (2007, February).
Source: Voluntary Protection Programs (VPP). OSHA.
Source: Foundry Ergonomics Partnership. OSHA Strategic Partnership Program Success Stories, (2005, January).
Source: Weston 4 Power Plant Construction. OSHA Strategic Partnership Program Success Stories, (2007, February).
Now that you know that investing in workplace safety and health may improve your company's productivity and bottom line, there are many resources from OSHA and other organizations to help you get started.
The following are examples of resources that may help you improve your organization's workplace safety and health and learn about OSHA's compliance assistance resources.
For other resources on Making the Business Case for Safety and Health, see Additional Information.
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