Benefits of a safety program

You’ve worked hard to build your business dream; now it’s time to protect it. The best way to get started is by implementing a safety program. By being proactive and approaching safety as a priority, you can stop workplace injuries, illnesses or health hazards from ever happening.

Here are some of the ways your safety plan can benefit your business.

You’ll see direct savings

When workers stay healthy, the direct cost savings and bottom-line improvements include:

• Lower workers’ compensation insurance costs
• Reduced medical expenditures
• Smaller expenditures for return-to-work programs
• Fewer faulty products
• Lower costs for job accommodations for injured workers
• Less money spent on overtime benefits

Indirect costs will decrease

Safety and health programs also make big reductions in indirect costs due to:

• Increased productivity
• Higher quality products
• Increased morale
• Better labor/management relations
• Reduced turnover
• Better use of human resources

Healthy environments lead to happy employees

Employees and their families will appreciate your safety initiative because:

• Their incomes are protected
• Their family lives are not hindered by injury
• Their stress is not increased

Finally, small business employers who operate an exemplary safety and health management system may be eligible for the benefit of recognition by the state and OSHA through participation in the Safety and Health Achievement Recognition Program (SHARP) (Opens in a new tab). Upon receiving SHARP recognition, the business will be exempt from programmed inspections for a specified period (e.g., initially two years, three years upon renewal).

 

This article is for informational purposes only. The information is widely available through different sources. This information does not, and is not intended to, constitute legal advice. Compliance does not guarantee conformity with building codes, or federal, state, or local laws and regulations, nor does it guarantee coverage. We do not make any guarantees or promise any results based on this information. We are not responsible for the content of any third-party sites that may be linked in this article.

The loss control services listed above follow generally accepted safety standards. Compliance does not guarantee that you will be in conformance with any building code, or federal, state, or local regulations regarding safety or fire. Compliance does not ensure the absolute safety of your operations or place of business.