Cost and Benefits of Health and Safety
The primary goal of good health and safety is to nourish and foster a working environment for all where the risk of injury or ill-health is kept to as low as possible. To help achieve this employers, managers and staff must all be committed to working safely at all times; this approach can create many benefits for the business but the opposite is also true.
Cost of Poor Health and Safety
- Compensation – including legal costs
- Loss of Production – if someone is not at work due to injury or illness
- Treatment – first aid
- Accidents
- Prosecution – including legal costs
Benefits of Good Health and Safety
- A safer working environment
- Fewer accidents
- More productive workforce
- Less chance of prosecution
- Less chance of civil action
- Greater profits and improved reputation
- Lower insurance premiums
