We’ve just published the 2018 Liberty Mutual Workplace Safety Index, and the results bring both good news and bad news for U.S. businesses.
Let’s start with the good news: workplaces are getting a little safer, with a 1.5 percent overall reduction in serious accidents. The bad news? Serious workplace injuries cost businesses more than $58 billion per year — a nearly 3 percent increase from the 2017 findings.
Overexertion is the leading cause of workplace injury, comprising more than a fifth of all injuries, but falls account for a growing number of losses. In fact, of the top 10 most common causes of disabling injuries, falls to same level and falls to lower levels rank second and third, respectively.
Knowledge is power, and understanding risk is the first step to protecting your business. Check out our infographic to learn more about the top ten causes of disabling workplace injuries and their costs. Then work with your insurance broker and carrier to ensure your business is doing everything it can to mitigate risk and keep employees—and your operation—as safe as possible.
The annual Liberty Mutual Workplace Safety Index is based on information from Liberty Mutual, the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance. Liberty Mutual and BLS injury data are analyzed to determine which events caused employees to miss six or more days of work. The Index then ranks those events by total workers compensation costs, which include medical and lost-wage payments. To capture accurate injury cost data, each Index is based on data three years prior. Accordingly, the 2018 Index reflects 2015 data.
This website is general in nature, and is provided as a courtesy to you. Information is accurate to the best of Liberty Mutual’s knowledge, but companies and individuals should not rely on it to prevent and mitigate all risks as as an explanation of coverage or benefits under an insurance policy. Consult your professional advisor regarding your particular facts and circumstance. By citing external authorities or linking to other websites, Liberty Mutual is not endorsing them.