While it is common knowledge that prevention of workplace accidents or illness is the most effective way to lower the cost of a workers' compensation program, the goal is not just about saving money–it's about creating a safe work environment for employees.

Communicating this commitment to workers is an important component to managing a business and to the well-being of employees. Yet even with the very best safety programs in place and a well-communicated commitment to employees, on-the-job injuries and illnesses will still occur.

In fact, the National Safety Council estimates there are more than 80 million lost workdays due to occupational injuries or illness each year. Meanwhile, the Bureau of Labor Statistics estimates that 1.2 million employees lose an average of seven days because of injury or illness.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.