U.S. Companies Pay $62 Billion Per Year for Workplace Injuries

The annual expense to U.S. business of lost-time workplace injuries is greater than the gross domestic item (GDP) of 91 nations, according to data from the Globe Monetary Fund.

Workplace injuries and accidents that lead to workers to miss six or much more days of perform cost U.S. employers nearly $ 62 billion in 2013, the most recent year for which statistically valid injury data is offered from the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance coverage, according to the 2016 Liberty Mutual Workplace Safety Index. That is much more than $ 1billion per week spent on the most disabling, nonfatal workplace injuries.

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