Workplace Injuries Cost U.S. Companies Over $1 Billion Per Week

Source: Liberty Mutual | Published on April 11, 2019

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The annual Liberty Mutual Workplace Safety Index documents the top ten causes of the most serious workplace injuries – those causing an employee to miss five or more days from work – and ranks them by their direct cost to employers, which consists of medical and lost-wage payments.

The 2019 Liberty Mutual Workplace Safety Index is the first to also report the causes and costs of the most serious workplace injuries for eight specific industries that account for a high proportion of all national workplace injuries:

Manufacturing

Healthcare

Construction

Professional Services

Retail

Wholesale

Transportation & Warehousing

Leisure & Hospitality

“The latest ranking helps employers, risk managers and safety professionals improve workplace safety by highlighting its financial impact in total and for specific industries,” notes James Merendino, General Manager, Risk Control, National Insurance, Liberty Mutual. “To better protect employees and the bottom line, each employer needs to understand the root causes of the most serious workplace injuries they face. Only then can they effectively mitigate and manage these through work design, system controls, technology, training, and strategic risk management. Insurance companies and brokers can be a key ally in these efforts.”

Beyond reporting industry-specific results, the methodology used to produce the 2019 Liberty Mutual Workplace Safety Index was improved in three other important ways, which are detailed in the online Methodology section. Given these changes, the 2019 findings cannot be compared to those of earlier Indices.