Health & Safety
The total cost to employers because of health and safety problems is estimated to be between 3.5 & 7.3 billion pounds per year. This is equivalent to between 4 and 8 percent of a company’s gross trading profit.
In practical terms, for every £1 spent on covering employees against injury, ill-health and damage, when an accident happens, the employer loses between £8 & £36 on indirect costs such as damage; legal & medical fees; production delays; accident investigation time; fines & compensation; and loss of expertise.
Drivers
- Health and Safety at work Act, 1974
- The Management of Health and Safety at Work Regulations, 1992
- The Workplace (Health, Safety and Welfare) Regulations, 1992
- The Provision and Use of Work Equipment Regulations, 1998
- The Manual Handling Operations Regulations, 1992
- The Health and Safety (Display Screen Equipment) Regulations, 1992
- The Dangerous Substances Explosives Atmosphere Regulations, 2002
- Accident Costs
- Duty of care toward other people