Slip-and-fall accidents can place a serious financial burden on a company. When a worker falls and suffers an injury while on the job, the company is responsible for paying his or her medical bills along with lost wages through Workers’ Compensation. This alone can cost businesses a good chunk of cash, but this is really just the tip of the iceberg when it comes to the true cost of slip-and-fall accidents in the workplace. This week, we’re going to take a closer look at this problem and revealing some of the many ways accidents such as this impact a businesses’s finances.
To put the problem of slip-and-fall accidents into perspective, a 2007 published by the insurance company Liberty Mutual found that same-level falls (not elevated) were the second most common type of injury in the workplace, costing businesses an estimated $6.6 billion. This is a shocking statistic that should serve as a real eye-opener to companies dealing with slip-and-fall accidents.
The National Safety Council (NSC) also performed a study which suggests the annual costs of medical bills and Workers’ Compensation associated with slip-and-fall accidents in the workplace is roughly $70 billion annually.
How Slip-and-Fall Accidents Impact a Business:
- Lowers overall morale in the workplace.
- Leaves the company vulnerable to OSHA fines, lawsuits and other legal action.
- Raises the cost of Workers’ Compensation.
- Company must invest additional time, money and resources into finding a replacement for the injured worker.
- Equipment is oftentimes broken or damaged as a result of slip-and-fall accidents.
- Lowers productivity.
- Forces company to perform renovations or modifications in an effort to reduce such accidents.
Preventing Slip-and-Fall Accidents
The first step towards preventing slip-and-fall accidents is to identify “high risk” areas within the workplace. This may include areas around forklifts where oil frequently leaks, building entrances, stairs, damaged floors, etc. With these areas properly identified, business owners can then work to fix the underlying problem.
The area where forklifts are stored, for instance, could likely benefit from the use of absorbent mats. If any oil happens to leak from one of the forklifts, the absorbent mat will soak it up rather than allowing it to spill on the floor. You could also use these mats around entrances where rainwater frequently develops.
What precautions do you take to prevent slip-and-fall accidents in the workplace?