The SLIPNOT Minute | The Cost of a Slip and Fall
Welcome to Episode 3 of The SLIPNOT Minute!
Welcome to Episode 3 of The SLIPNOT Minute, where we discuss the financial costs associated with slip and fall incidents.
About SLIPNOT:
SLIPNOT® is a leading provider of specialized safety flooring products and surface technologies for the walkways, entryways, stairs, rails, ladders and more, where you live, work and play. We transform potentially hazardous spaces like food and beverage manufacturing and highly trafficked office buildings and retail spaces into safe and efficient environments. Much to the delight of safety managers and building owners everywhere, once SLIPNOT is installed, over 90% of slips and falls can be avoided. For more information on how to create a SLIPNOT environment, visit www.SLIPNOT.com or follow us on LinkedIn.
Additional Resources:
www.bls.gov
www.osha.gov
injuryfacts.nsc.org
https://www.osha.gov/safetypays
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There’s significant costs associated with workplace accidents. OSHA has determined that the average workplace accident impacts a company to the tune of about $41,000. Slip and fall accidents are actually costlier, with about $48,000, on average, of direct cost that are associated with these. A direct cost is from lost wages, overtime to cover a missing employee, lost productivity, accident investigation, and other such items. OSHA also tells us there’s an indirect cost associated with these events. And indirect costs often exceed the direct cost values for a slip and fall accident. The average indirect cost, the cost a company will pay directly off their bottom line, is about $51,000. OSHA has a great website called Safety Pays. It will actually give you estimates for a workplace accident and how it’ll impact your company’s bottom line. Follow the link and see how costly a slip and fall accident can be.
SLIPNOT is the premier solution for eliminating slips and falls in the workplace. Visit our website at slipnot.com to learn more or give us a call and see how we can help you solve this issue.