New York, NY – AmTrust Financial Services recently published a new white paper entitled The ROI of Safety: How to Create a Long-Term Profitable Workplace Safety Program.
The 15-page paper includes “The 10 ‘Musts’ of Safety Orientation Programs,” as well as data from the Bureau of Labor Statistics (BLS), the National Safety Council (NSC), the Occupational Safety and Health Administration (OSHA) and other sources to emphasize the importance of workplace safety in reducing employee injuries and costs to employers.
Among the facts highlighted:
- Employers who have safety programs can reduce expenses related to injuries and illness by 40 percent
- $1 spent on safety can save at least $3 on expenses related to worker injuries
- 40 percent of injured employees have been on the job less than a year, according to OSHA
“We feel it is important that small business owners and managers view work safety programs not as short-term expenses, but as long-term investments in the health of their employees and their business,” said Jeff Corder, VP of AmTrust’s Loss Control Division.
“We compiled this report to help employers of all sizes – from the owner of a local restaurant to the foreman on a factory floor – better understand the value of taking simple but important steps to make workplaces safer.”