If you work in the construction field, you know it can be a dangerous environment. In fact, the construction industry accounts for almost half of the nation’s workplace fatalities each year. This staggering number not only costs many lives every year, but it costs construction companies quite a bit of money as well.
There is something you and your employer can do to stem the tide of this trend, invest in safety training and procedures. If you can, speak with your employer about the need to invest in safety and get your company on the right side of this.
Here are some numbers you can use to convince your company to invest in safety, because it often comes down to the bottom line and the bottom line looks good for safety precautions and measures:
- Companies can save an average of $32,000 for every medically consulted injury they avoid.
- When a company invests $1 in safety procedures the return on that investment is between $4-$6.
- Safety programs generally account for 2.5% of a projects costs, while job related injuries account for 6-9% of costs.
- To offset just a $50,000 injury related cost, a company must increase their sales by $1,677,000 to continue to make a 3% profit.
If the numbers of workers who are injured or die annually on construction sites are not enough to convince your employer to invest in safety training and protocols, maybe these bottom line numbers will be. Avoiding a Connecticut workers’ compensation claim and injury is the best way to save money and maintain the health of your company’s employees.
While it may not be your job to save your company money, you can look like a good employee if you do and at the same time help keep your co-workers safe from injury and even death.
If you’ve been injured on the job, contact our office and one of our board certified attorneys will review your case.
