One Billion Dollars Spent on Injuries a Week
Learn about general safety measures to take on the construction site that prevent big costs due to injuries.
One Billion Dollars Spent on Injuries a Week
Injuries on the job cost companies billions of dollars each year. When an employee endures an injury while working that disables them, it is a huge cost. Each year, it has been recorded by the Liberty Mutual Workplace Safety Index in 2017, that there are $60 billion in worker’s compensation costs each year. When that is broken down, that equals out to be about $1 billion each week that is spent on these types of injuries.
Overview Of Ten Of The Top Injuries Cited
The study that the Liberty Mutual Workplace Safety Index conducted in 2017 looked at the top ten incidents that occurred. The ones that caused the highest direct cost to companies overall. Here is a list of the top ten that were recorded from highest to lowest according to cost. The 5 following cases are responsible for 63.8% of the total cost responsibilities.
The 5 following cases that were recorded are responsible for 19.5% of the total cost responsibilities.
Worker’s Compensation
Worker’s compensation is what kicks in to help cover any expenses that amount during an injury that you endured while on the job. It will also cover any lost wages that you have during your process of healing. This does not mean that you are going to be compensated for the full wage that you would make if you were still working.
The estimated amount that you will receive from your worker’s compensation is about ⅔ of what your normal wages would be. You have a certain time frame in which you have to file your claims to get that coverage. The coverage that is available will cover just about all cases of injuries that occur while you are working.
What Is Not Covered By Worker’s Compensation
When you are injured on the job, you may be concerned that you are going to lose your job. While that is a possibility in some cases, the important thing to remember is that it will not cause you to lose your compensation if you do. There are very few things that can get you denied wages, the things that you shouldn’t be doing while working, such as:
If you are receiving worker’s comp, you are not to be working at all. That is the main reason that you are receiving the compensations, is because you are too injured to do your job. If you are caught working while receiving this benefit, you can get into a lot of trouble. It can result in prison time for committing fraud.
Safety First On The Job
It is important that everyone follows the protocols, regulations, and guidelines that have been set for them on the job. These rules are put in place to keep everyone as safe as possible while working. Some accidents and incidents can not be avoided and will happen by pure accident, even when following the rules.
But, if we make an effort to follow the protocol at all times, we can lessen the occurrence of unnecessary accidents. All of the guidelines that are set are to protect you and the others around you. Sometimes the negligence that we have to follow guidelines can result in injury to another employee.
Safety Rules To Follow
When you work on a construction site, there are many things that can occur. There is a numerous amount of heavy equipment, tools, materials, and hazards that can harm you at any given moment. That is why it is important to be familiar with the rules that apply and make sure that you follow them. It is for your safety and those around you as well. Some examples of rules and guidelines that should be followed are:
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