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