U.S. employers saw a decline in the cost of serious workplace accidents and injuries in 2014, the most recent year for which statistically valid data is available. The collective tally that year was $59.9 billion, down from nearly $62 billion in 2013. Leading causes of nonfatal incidents causing employees to miss six or more days of work include overexertion (declining), falls on the same level (increasing) and falls to a lower level. Besides hurting employees with financial, emotional and physical harm, debilitating workplace injuries have
direct costs for employers – including related medical care and some portion of employee pay – as well as indirect costs including lost productivity, quality and continuity disruptions, and the cost of hiring replacement workers.
Insurance Journal (01/20/2017)
