Workplace injuries cost U.S. businesses almost $60 billion per year in 2014—more than $1 billion a week—according to the 2017 Liberty Mutual Workplace Safety Index. The top 10 causes of workplace injuries accounted for nearly $50 billion, or 83% of workers compensation costs. In addition to these direct workers compensation costs, a company may also face indirect costs related to lost productivity, a drop in employee engagement, and damage to its external reputation. For an employee, suffering a workplace injury can result in physical, emotional, and financial pain.
Workplace injuries cost U.S. businesses almost $60 billion per year in 2014—more than $1 billion a week—according to the 2017 Liberty Mutual Workplace Safety Index. The top 10 causes of workplace injuries accounted for nearly $50 billion, or 83% of workers compensation costs. In addition to these direct workers compensation costs, a company may also face indirect costs related to lost productivity, a drop in employee engagement, and damage to its external reputation. For an employee, suffering a workplace injury can result in physical, emotional, and financial pain.
Whether you are a manager, supervisor, or business owner, there are things you can do to improve safety and protect yourself, your co-workers, and your company:
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Liberty Mutual Insurance is a leading provider of a full range of commercial insurance coverages and services to businesses of all sizes. Each day, the company helps customers protect their businesses and keep their workplaces safe for their employees.
This article was produced by Liberty Mutual Insurance and not by the Quartz editorial staff.
