The Cost of an Injury

Should a member of your staff become injured, there will be many ramifications. Not only might you be liable to pay compensation should you have made an oversight with the health and safety risk assessments you have carried out within your workplace, but you are also likely to lose a great deal of money through a reduction in efficiency too.

Even when an accident was not your fault per se, there is a good chance that you will wind up paying money to the injured member of staff whilst they are on leave and that you will at the same time have to pay a new member of staff to replace them whilst they convalesce. Any time when people are away, the company may well end up being far less efficient too and even if new members of staff do replace the regular members, there may well be a great deal of training needed and in turn money wasted in getting a new member up to speed.

Whilst it may seem like health and safety risk assessments are merely a formality, ensuring that they are carried out in the most thorough way possible might not only save members of staff or even the public from harm, but they will also no doubt save a great deal of money for the company in the long run too, as well as ensuring that good reputations are not harmed as a result of an accident.

The cost of an injury to the public can be even greater as such people are likely to be far less discriminate when seeking compensation. In some cases, an injury sustained by staff or a member of the public can even lead to companies having to close their doors for good, or to those responsible facing heavy fines or even prison.

Using health and safety consultants can bring many benefits. Not only are health and safety consultants likely to be able to make sure you have the most appropriate safety procedures in place, but they may also be able to end up saving you money too, simply by recommending how best to streamline all areas of your company’s safety.

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