$1 Invested in Injury Prevention Returns $2+
Business Case for Safety & Health
Over 60 percent of chief financial officers in one survey reported that each $1 invested in injury prevention returns $2 or more. Over 40 percent of chief financial officers cited productivity as the top benefit of an effective workplace safety program.
Source: Chief Financial Officer Survey. Liberty Mutual Insurance Company, (2005).
Workplace fatalities, injuries, and illnesses cost the country billions of dollars every year. In its 2018 Workplace Safety Index, Liberty Mutual estimated that employers paid more than $1 billion per week for direct workers' compensation costs for disabling, non-fatal workplace injuries in 2015. The National Safety Council estimated that work-related deaths and injuries cost the nation, employers, and individuals $151 billion in 2016. 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.
More at OSHA - https://www.osha.gov/businesscase