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The Cost of Workplace Injuries? Nearly $50 Billion
Research reveals the high price of poor safety standards
A Boston-based insurance company, Liberty Mutual Research Institute for Safety reports that workplace injuries are costing businesses $48.3 billion, 25% of which are related to pushing, pulling, lifting, holding and carrying. It is a surprising yet alarming find, considering the "harmlessness" of these tasks, as opposed to HAZMATS and other not-so-subtle dangers.
The findings were released in the insurance company's Workplace Safety Index, which tallies the 10 major causes of injuries and their immediate impact to industry. Falls on the same level placed second, costing $6.6 billion in 2005. Meanwhile, falls to a lower level climbed the charts and gained the number 3 spot, now well beyond the "injuries from an incident free of bodily motion."
Visit the National Safety Council website at here
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