
According to the (OSHA), it is estimated that employers pay $1 billion per week for direct worker’s compensation, as a result of accidents within the workplace.Furthermore, a report by says the aftermath of a fatal accident can go “far beyond†a financial cost to a company, it can also seriously threaten your workforce’s psychological health and could potentially dent their productivity in the long run. What’s clear is that there is a definitive cost associated with operating an unsafe workplace. This cost can be the result of unsafe practices, insufficient training or by not providing a safe environment for your workers. Some negative consequences can be receiving from OSHA, or having to endure months of litigation. In this examination, we’re going to take a look at the cost of operating an unsafe workplace and give you some tips on how you can reduce accidents within your own workplace.