Hidden Costs of Accidents in the Workplace

Cost of a Workplace Accident Workplace injuries and illnesses cost companies approximately $170 billion dollars every year. While that number is terrifyingly high, it doesn’t tell the whole story. While most people automatically think of the financial costs that an accident brings, it’s the hidden non-monetary costs that have the ability to cause the greatest impact. Claims, Costs, & Coping After an accident, there is a period of recovery, which can involve expensive medical bills and time off of work. If the injury causes a loss of income, this can leave a family in financial ruin as they try to cover injury-related expenses, as well as keep up with the normal expenses involved in daily