THE TRUE COST OF SAFETY
A Liberty Mutual study of shows that for every $1 spent on direct costs related to an accident, there are another $3 to $5 worth of indirect costs
If the cost of an accident, with direct medical and compensation costs $15,000, your actual expense is somewhere between $45,000 and $75,000.
Most executives polled by Liberty Mutual said that for every $1 their company spent on workplace safety, they saved at least $3. OSHA’s Office of Regulatory Affairs reports savings of $4 to $6 for every $1 invested in safety.
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Incident Investigation & Support