13/02/2025
IOSH Managing Safely courses in Norwich!
Does your employer see value in Health & Safety Training? If they can't see the moral value, perhaps they can consider the financial.
The true cost to the business following a serious accident is far greater than just the fine:
*Direct Costs
π Medical Expenses: Immediate medical care for injured employees.
π° Compensation Payments: Financial support to injured workers, including disability payments.
πͺ Insurance Premiums: Increased premiums payable due to claims.
π«° HSE Fines and Charges: Penalties and the Fee for Intervention (FFI) imposed by the Health and Safety Executive (HSE) for breaches3.
*Indirect Costs
π₯Ή Lost Productivity: Time lost and decreased productivity.
π« Recruitment and Training: Costs associated with hiring and training replacements.
π§ββοΈ Legal Fees: Costs related to defending claims or lawsuits.
π€ Reputation Impact: Potential loss of business due to damaged reputation.
Ensuring workplace safety is not just a legal requirement but makes good business sense too.
ACMS Training are an approved IOSH Training Provider!
https://www.ioshmagazine.com/2025/01/13/plastic-manufacturer-fined-ps330k-after-employee-sustains-fatal-head-injuries