Fall protection is a topic that small business owners often overlook. It may seem taxing to invest in equipment that provides safety features such as three points of contact, slip resistant flooring, and safety guardrails, but a reassuring way to look at it is as an ROI investment. The potential for employees to fall and injure themselves, particularly at heights greater than 4′, is a significant cost management risk which can be mitigated at marginal investment cost. Consider the following risk factors associated with failing to protect your employees from injuries resulting from falls.
- Workers Comp Claims: The cost of broken bones is one of the most expensive worker’s compensation claims.
- Insurance Premium Rates: When an employee is injured at work, Workers Comp premium rates may increase as your claim risk factor is increased.
- Lost Time: In addition to monetary costs associated with injuries and insurance claims, lost time while an employee recovers may lead to staff shortages.
Build Culture: Safe Workers Work Harder
Another factor to consider is employee morale. Small businesses must function as a well-oiled machine to meet the demands of a growing customer base. Even the slightest hit to morale resulting from an injured co-worker can affect performance, quality and timelines. Research has shown that a safe working environment supports optimum productivity and employee satisfaction. Taking steps to protect employees that work at heights will provide risk management benefit and support your goal of attaining high productivity.