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Loss Control & Risk Management

Benefits of a Safety Program

You’ve worked hard to build up your business dream, now it’s time to protect it. And the best way to get started is by implementing a safety program. Because by being proactive and approaching safety as a priority, you can stop workplace injuries, illnesses or health hazards from ever happening.

Here are some of the ways your safety plan can benefit your business.

You’ll See Direct Savings

When workers stay healthy, the direct cost savings and bottom line improvements include:

  • Lower workers’ compensation insurance costs
  • Reduced medical expenditures
  • Smaller expenditures for return-to-work programs
  • Fewer faulty products
  • Lower costs for job accommodations for injured workers
  • Less money spent for overtime benefits

Indirect Costs will Decrease

Safety and health programs also make big reductions in indirect costs due to:

  • Increased productivity
  • Higher quality products
  • Increased morale
  • Better labor/management relations
  • Reduced turnover
  • Better use of human resources

Healthy Environment Leads to Happy Employees

Employees and their families will appreciate your safety initiative because:

  • Their incomes are protected.
  • Their family lives are not hindered by injury.
  • Their stress is not increased.
*And remember, small business employers who operate an exemplary safety and health management system may be eligible for the benefit of recognition by the state and OSHA through participation in the Safety and Health Achievement Recognition Program (SHARP). Upon receiving SHARP recognition, the business will be exempt from programmed inspections for a specified period (e.g. initially two years, three years upon renewal). Information on SHARP may be found by going to the OSHA website ( and searching for SHARP.


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Related Topics: Employee Safety , Protecting Your Business , Safety Programs