OHS Buffet
$1.12 million: The average cost of a motor vehicle death
$45,500: The average cost of a non-fatal disabling injury suffered in a motor vehicle crash
$8,200: The average property damage associated with a motor vehicle crash
Workers who use drugs and alcohol are a threat to safety and a drain on the bottom line. Consider the following:
sub ro GAY′ shun
HOW IT COMES UP
Many insurance policies give the insurance company the right of subrogation in case the insurer has to pay the policyholder for a loss caused by a third party.
WHAT IT MEANS
Subrogation lets the insurance company take over the policyholder
How much money does the average eye injury cost a company in compensation and medical expenses?
$910,000
What does this figure represent?
a. The amount of money it costs to provide thorough electrical safety training to 500 workers
b. The amount of money it costs to outfit 100 workers with state-of-the-art respirator equipment
c. The amount of money a company saves each time it prevents a workplace death
d. The average amount of legal costs a company incurs in successfully appealing an OHS violation
Answer: c
