No one would deny the importance of workplace safety. In fact, the 2019 Workplace Safety Index concludes that the total cost of the most disabling injuries (leading to five or more days of missed work) came to $55.43 billion, or more than $1 billion per week.
But are we paying attention to the most important threats? The Index ranks risks by direct costs to employers in medical and lost-wage payments, through the analysis of eight industries that account for the greatest proportion of workplace injuries.
- $55.43 billion: Total cost of the most disabling workplace injuries
- $46.93 billion: Combined cost of the top 10 most disabling injuries
The Index targets the root causes of injury that employers, risk managers, safety professionals – and employees themselves – must understand to effectively mitigate the suffering and expense of workplace incidents. Through education on the leading threats, all parties can work together to identify and fulfill the training, equipment, and work designs necessary to address root causes and reduce harm.
2019 Top 10 Threats In Order of Impact:
The annual Liberty Mutual Workplace Safety Index is based on information from Liberty Mutual Insurance, the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance. Liberty Mutual and BLS injury data are analyzed to determine which events caused employees to miss more than 5 days of work. The Index then ranks those events by total workers compensation costs, which include medical and lost-wage payments.
To capture accurate injury cost data, each Index is based on data three years prior. Accordingly, the 2019 Index reflects 2016 data.
This website is general in nature, and is provided as a courtesy to you. Information is accurate to the best of Helmsman’s knowledge, but companies and individuals should not rely on it to prevent and mitigate all risks or as an explanation of coverage or benefits under an insurance policy. Consult your professional adviser regarding your particular facts and circumstance. By citing external authorities or linking to other websites, Helmsman is not endorsing them.
Oops! We couldn't find any Insights that match your search criteria. Please modify your search and try again.
Our risk control services are advisory only. We assume no responsibility for: managing or controlling customer safety activities, implementing any recommended corrective measures, or identifying all potential hazards. No attempt has been made to interpret any referenced codes, standards, or regulations. Please refer to the appropriate government authority for interpretation or clarification.
This website is general in nature and is provided as a courtesy to you. Information is accurate to the best of Helmsman Management Services’ knowledge, but companies and individuals should not rely on it to prevent and mitigate all risks as an explanation of coverage or benefits under a policy or service contract. Consult your professional advisor regarding your particular facts and circumstance. By citing external authorities or linking to other websites, Helmsman Management Services is not endorsing them.