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No one can afford to ignore safety in the workplace. Too much is at stake. Apart from humane considerations, workers’ compensation insurance exacts a significant cost. Insurance premiums are not the only major cost of industrial accidents. Loss cost analysis shows that lost production time, damage to plant and product, and hiring and training of new workers are significant factors that decrease profitability and place an unnecessary burden on all businesses.
An effective workplace safety program reduces these costs, and can improve employee morale, reduce turnover and increase productivity. Please see our guide for more detailed information.
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