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IMA Wellness Blog

Four Reasons Why Safety Training Will Reduce Workers Compensation Costs

Pitcher Insurance Agency, Inc. is an IMA B2B Partner…

There are a number of reasons why designing and implementing an effective, on-going safety training program is important. These include:

  1. Safety training is required by law. Having on-going safety training is required by OSHA and similar state authorities. Training is one of the most important elements in an OSHA compliance program. Providing workers with complete information as to the processes they are involved in, the equipment they might need to use, the protection available, and potential effects of exposure to hazards is extremely important to OSHA. The organization may also be subject to fines by OSHA inspectors for failing to comply with these OSHA standards.
  2. Safety training improves safety awareness. Studies have consistently revealed that effective safety training can dramatically increase the level of employee awareness and interest in workplace safety. For example, in one study it was found that 97% of respondents positively indicated marked improvement in safety awareness in those organizations that had on-going safety programs.
  3. Safety training improves employee attitudes towards safety. Surveys have also revealed that 95% of organizations notice significant increases in employee attitude towards safety once an on-going safety training program was initiated.
  4. Safety training influences reductions in accidents. While it is often difficult to put an exact figure on the impact that training has on accident reduction, studies have shown that organizations with an on-going safety training program are four times more likely to reduce accidents than those who do not have an on-going training program.

It is clear that safety training, in conjunction with other safety efforts, can dramatically reduce workers compensation costs. And, when you take in to account the indirect workers compensation costs the return on investment is even more dramatic.


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