Workplace inspections save company money, says study
Posted on Thursday, May 24th, 2012 at 6:36 pm
A new study by Harvard Business School has revealed that, while many businesses lament the cost of federal safety regulations, workplace safety inspections do not actually hurt businesses’ profits or sales.
In fact, regular workplace inspections save the companies money in workers’ compensation, injury claims, and loss of production. Compared to firms that are not randomly inspected, inspected companies save about 26 percent more on workers’ compensation and reduce their injury claims by 9.4 percent.
Researchers studied companies inspected by California’s Division of Occupational Safety and Health from 1996-2006. According to the Huffington Post, companies saved about $355,000 on injury claims and compensation over a four-year period.
If you’ve been hurt at work and are wondering how a workers’ compensation attorney can help you, contact the experienced workers’ compensation lawyers of LaMarca Law Group, P.C., today at 877-327-2600.