Each year, six million workers suffer from non-fatal workplace injuries, resulting in an annual cost of more than $125 billion to United States businesses.Outside the primary objective of reducing injuries to people or property, proving the value of a safety system is an ongoing challenge for safety professionals and risk managers. Many find it difficult to financially justify discretionary investments in safety-related assets and training intended to reduce work-related injuries and insurance premiums.
Compare this to something from everyday life: investing in automobile insurance. Predicting future automobile accidents is difficult, and insuring against them may seem a frivolous expenditure for people who consider themselves safe drivers. However, it is necessary to think of the other people on the road who impact their risk of an automobile accident; insurance protects drivers not only from themselves, but also from others.