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The Financial Impact of Work-Related Falls: Introducing OSHA’s Safety Pays Calculator

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Do you know the true costs associated with falls in the work-place?  If it has been some time since one of your employees has experienced a fall, or if you are fortunate enough to have avoided falls in your facility, the answer may surprise you.  According to recent OSHA statistics, the increased costs and lost time due to fall related injuries is nothing short of staggering:

  • The average days of lost work due to falls from heights is 13 days
  • Sprains and strains are the most common injuries due to falls
  • A STRAIN injury sustained from a fall requires $574,620 in revenue with a net profit of 10% to cover all related costs
  • CONCUSSIONS sustained from fall equate to $1,437,570

Calculating the costs of a fall is often the best way to see the true benefits of a comprehensive fall protection program.  To this end, OSHA has created an online tool called “$afety Pays.”  This easy-to-use calculator uses a company’s profit margin, the average costs of an injury or illness, and an indirect cost multiplier to determine the sales needed for a company to cover the costs of an accident. Although the calculator can assess the financial impact of many types of accidents and occupationally related illnesses, we often use this tool to show clients how much comprehensive fall protection can save their organization.  The tool is free, easy to use, and available here.

All too often companies ignore clear warning signs and put off remediating dangerous working conditions until they receive an OSHA citation, or worse yet, a fall occurs.  Falls from as little as 3-4 feet can have devastating consequences for your employees, their families, and your company.  Addressing potentially dangerous working conditions in your facility by partnering with a qualified fall protection company offers the best chances of ensuring  all of your employees go home at the end of the day.  To learn more about our comprehensive approach to fall protection, visit us online at www.fallprotect.com, download our white paper on Choosing the Right Fall Protection Company, or send us a note to discuss your safety requirements.

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Did You Know?

Rigid rail fall arrest systems are often ideal for applications with low fall clearance distances?