Data shows that small businesses that have health and safety procedures in place reduce their injury and illness costs by 20 percent and even up to 40 percent. Nearly 95 percent of business owners report that health and safety programs have a positive impact on the company’s bottom-line according to a recent survey. Of this group, 61 percent say their return-on-investment is 3 dollars for every 1 dollar they invest in improving workplace safety. In addition, companies that have working health and safety programs in place have seen employee absenteeism drop in half.
A well planned health and safety program is obtainable even for small businesses. For example in this worst to first situation, a small manufacturing company was forced into putting a health and safety program in place or be shut down. They started by doing an audit, identified and controlled hazards, showed working procedures, and had to keep their injury rates below the national average for their sector. After they had implemented their health and safety program, they had many years with not one injury and saved more than $45,000 on insurance premiums. The company was even recognized with an award for...
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