White Paper: Proving the Value of Safety, from Rockwell

Download this white paper to increase your understanding of the elements of risk management and the methodology of a safety investment analysis, and how safety engineers or a risk management professional can present the financial justification to help make operations safer and reduce both workplace injuries and insurance costs.

May 23, 2007

Each year, six million workers suffer from non-fatal workplace injuries, resulting in an annual cost of more than $125 billion to United States businesses.Outside the primary objective of reducing injuries to people or property, proving the value of a safety system is an ongoing challenge for safety professionals and risk managers. Many find it difficult to financially justify discretionary investments in safety-related assets and training intended to reduce work-related injuries and insurance premiums. Compare this to something from everyday life: investing in automobile insurance. Predicting future automobile accidents is difficult, and insuring against them may seem a frivolous expenditure for people who consider themselves safe drivers. However, it is necessary to think of the other people on the road who impact their risk of an automobile accident; insurance protects drivers not only from themselves, but also from others. Download the white paper now