Every company has a duty to protect its people. But beyond the human cost of inadequate safety there's also a major commercial cost.
A hand injury requiring stitches will cost $22,000 to $30,000 according to research conducted by two leading US sheet metal manufacturers. The cost estimates included: shutting down the assembly line, cleaning the area; medical costs including ambulance transportation; and rehabilitation. (Source: www.OH&Sonline.com)
There are 110,000 lost time hand injuries each year in the US alone according to its Bureau of Labour Statistics. Around 30% of victims were wearing inadequate gloves. The remaining 70% were wearing no gloves at all. (Source: Kimberly-Clark)
62% of all accidents at work generate a temporary stop. In France alone, this amounted to 700 000 incidents in 2006, with a frequency of 39 accidents per 1,000 employees. (Source: Caisse Nationale de l'Assurance Maladie des Travailleurs Salaries)
959,714 accidents of at least three days' absence were reported across Germany in 2007. Each of those accidents is estimated to have cost at least 600 Euros per day. (figure doesn't include government workers)
