PracticeAccounting FirmsThe price of health and safety failure

The price of health and safety failure

Costs to Britain of workplace accidents and work-related ill health

• Work related ill health and injury costs the UK economy approximately £14
billion a year.

• Nearly 35.4 million working days are lost each year due to workplace health
and injury.

• 2 million people are suffering from ill-health caused or made worse by
work 

• Only 3% of UK companies provide comprehensive workplace health support

• After only six weeks sickness absence, a person’s ability to return to work
falls away rapidly. Almost 20% of people who reach this point will stay off work
and eventually leave paid employment

COST CATEGORIES

THE INDIVIDUAL

• Lost earnings

• Extra expenditure when absent

• Human costs (pain grief and suffering)

THE EMPLOYER

• Human costs (pain grief and suffering)

• Sick pay

• Compensation

• Other insurance (low frequency, high cost events, eg. fire)

• Company admin.

• Recruitment

• Damage from injuries (equipment, goods and materials)

• Damage from non-injury accidents

• Insurance industry admin costs

SOCIETY

• Human costs (pain grief and suffering)

• Other insurance (low frequency, high cost events, eg. fire)

• Company admin.

• Recruitment

• Damage from injuries (equipment, goods and materials)

• Damage from non-injury accidents

• Insurance industry admin costs

• DWP admin costs

• Loss of output

• Medical treatment (short and long term)

• HSE and LA investigation costs

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