Return on Investment

As is the case with an expenditure for new equipment, budget is always a concern.  This is especially true in today’s economic climate.  The question is, however, what is the cost of not employing such a system?  Consider just a few possibilities of the costs that may be prevented:

  • Loss of work time in the event of an injury
  • Disability claims
  • Worker’s compensation expenses
  • Medical expenses
  • Hiring and retraining costs in the aftermath of a worker death or disabling injury
  • Potential for civil liability and associated legal expenses in the event a death is deemed preventable
  • Federal and/or state OSHA citations

The old saying that “an ounce of prevention is worth a pound of cure” could not be more relevant.  Being proactive to prevent workplace tragedies is far better than being reactive after a tragedy, or even a near tragedy, occurs.