How to reduce cost of accidents?

There are a number of steps you can take to reduce the chance of accidents and ill health happening in your business.

Step 1. Find out what could cause harm.

Step 2. Identify who might be harmed - including your employees, visitors or members of the public.

Step 3. Decide what you should do to prevent anything happening to them.

Step 4. Take action in a planned way, recording what you have done.

Step 5. Check if these actions are still working from time to time.

As previously posted, you can cut down on your costs be preventing accidents and ill health in the workplace. Saving on the accident costs of these accidents is an investment in the future of your business.

Emphasizing Workplace Safety and Health

Why should we emphasize workplace safety and health?

Simple, it keeps people safe and healthful, and it decreases the long-term costs of doing business. But make sure your company is emphasizing accident prevention rather than loss control. Accident prevention is a proactive approach while loss control tends to be much more reactive.

In safety and health, you can pay now or pay later. It's smart to pay for safety and health before an accident occurs. For every proactive peso spent preventing workplace accidents, many more are saved in direct/indirect accident costs.

For every reactive peso spent on the direct costs of a worker's injury or illness, much more is spent to cover the indirect and unknown costs associated with the injury or illness. Read more on direct, indirect and unknown accident costs on my upcoming entries.

Lastly, tell your friends about this Cagayan de Oro Safety and Health network and you can also give your inputs and comments.