How much did the accident cost your Company?

Health & Safety update 05/10/2011

As part of its Life Savings campaign, the Institute of Occupational Safety and Health, (IOSH) has announced that it is planning to develop a bank of costs for common accidents and incidences of work-related ill-health.

The health and safety body said it hopes to draw on the expertise and experience of businesses in creating the resource.

Caroline Patel, Head of Campaigns at IOSH, said, "A central resource of typical costs, based on genuine industry examples, will help businesses – whatever their size, whatever their sector – make quick, rough calculations about what their own health and safety failures cost. We've seen that costs can act as a real wake-up call for senior managers, prompting them to take action."

If you have carried out any development work at your business to calculate the full costs associated with a common accident (e.g. slips, trips or falls) or ill-health case (e.g. manual handling-related back injury) and are happy to share it with others, then please contact IOSH directly via their website http://www.iosh.co.uk/. All costs published as part of the resource will be anonymous.

If you would like further information, and already subscribe to NatWest Mentor, please call the Advice Service. If you would like more information on how Mentor could help your business in situations like this and many others, contact us today for information.

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