Much like automobile insurance, investing in safety is based on a "what if." What if something happens and the safety measures in place are inadequate? What if satisfactory measures are in place and nothing happens?
Although it is difficult to prove that incidents will happen in the future, management and financial representatives of the company need to be aware of the consequences of an ineffective safety solution. By understanding the elements of risk management and the methodology of a safety investment analysis, safety engineers or risk management professional can present the financial justification to help make operations safer and reduce both workplace injuries and insurance costs. . . .click here to read complete article (613 kb). Or right-click on the link to download file.
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