In Business, The Bottom Line

Thomas Boudreau, vice president and property and casualty practice group leader

In its 2014 Workplace Safety Index, Liberty Mutual estimated that employers pay just under $1 billion per week to injured employees and their medical care providers. Even one serious workplace injury may impact the bottom line of a small or mid-size business. Employers that implement effective injury prevention programs may expect to significantly reduce the associated costs, including workers’ compensation payments, medical expenses, and lost productivity. Employers often find that process changes targeted at improving workplace safety and health benefit their organizations’ productivity and profitability.

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