Proving the value of safety: Justification and ROI of safety programs and machine safety investments

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Overview:
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.