It is estimated that close to $1 billion is paid by employers every week to cover the costs of workers’ compensation for injuries sustained at work. Together with other indirect costs involved in dealing with workplace accidents, this amount highlights the importance of implementing robust health and safety procedures when setting up a new business. While safety is a priority in hazardous situations, common accidents and injuries such as falls and overexertion can occur in any type of working environment. Suffering a serious injury at work is devastating for an employee and their family, but the resulting compensation costs, loss of productivity and low morale can also have a negative impact on a business. By implementing workplace safety procedures and providing adequate safety training, employers can nurture a safety culture that protects their employees as well as their business interests.
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