That's money that businesses can save and pain workers can avoid. That's because injuries and illnesses decline. Workers' compensation costs go down.
Medical costs decrease.
There are other, less quantifiable benefits as well - reduced absenteeism, lower turnover, higher productivity and increased morale. There are direct and indirect costs related to all accidents. Direct Costs are medical costs and indemnity payments. OSHA has a computer program that is free of charge to all employers. This program is provided to assist you in determining how much accidents are costing your company.