12 October 2004 - Updates on HSE Website for Workplace Accidents and Work Related Ill-Health Costs to Britain
The updated estimates show an indication in 2001/02 of the failure costs within health and safety to businesses.
A breakdown of these failure costs is as follows:
- employers between £3.9 - £7.8 billion
- individuals between £10.1- £14.7 billion
- the economy between £13.1 - £22.2 billion
- society as a whole between £20 - £31.8 billion
These figures not only benefit in making a case for organisations to comply with health and safety law, they encourage employers to realise the benefits of good health and safety strategies.
The interim update ‘The costs to Britain of workplace accidents and work-related ill health in 1995/96’ and further figures can be found on the HSE web site by clicking the following link: HSE Statistics - Estimated days lost and costs of health and safety failures
Article by Alexandra Johnston
