Posts Tagged ‘indirect costs’
Workplace Safety During Natural Disasters
A natural disaster can cause loss of life or property damage, and can leave economic damage in its wake. The severity of which depends on the affected company’s preparation, resilience, or ability to recover and on the facility infrastructure. Common types of natural disasters. Hurricanes Earthquakes Tornadoes Floods Blizzards Tsunami Wildfires Droughts Avalanches Landslides…
Read MoreHow Well is Your Company Managing Risks?
A U.S. investigation commission attributed the BP Oil disaster to management failures that crippled “the ability of individuals involved to identify the risks they faced and to properly evaluate, communicate, and address them.” Does your company fail to identify and address risks? Types of common risks your company may face: Equipment malfunction, breakdown, or theft…
Read MoreThe ROI of Safety: Effective Management System
In virtually every industry, workplace injuries and illnesses occur daily. When occupational injuries and death are looked at annually, on a national level, the cost is staggering. Injury costs are like icebergs. Just as ninety percent of the typical iceberg lurks unseen beneath the surface of the water, surprisingly high unanticipated costs lurk beneath every…
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