When having a workplace injury, the number one concern for any company is the worker themselves.  With that being said, the cold hard truth is that a workplace injury can cost a company more than most people think.  Every year injury costs can add up in a hurry affect the profits and sometimes can put a company into bankruptcy. How many companies actually keep track of indirect/directs costs associated with injuries throughout the year?

Do you know how much a First Aid (FA) on average can cost?

  • The average cost of a first aid is around $2,000.00

Do you know how much a Medical Injury (MI) on average can cost?

  • The average Medical Aid costs is around $20,000.00

Do you know how much a Lost Time Injury (LTI) on average can cost?

  • The average Lost Time Injury cost is around $120,000.00

So you might be wondering what contributes to the costs of these injuries? Well below we have a breakdown what contributes to the cost of a First Aid, Medical Injury or Lost Time Injury?

First Aid:

  • Incident Notification
  • Investigation time – Man Hours (includes getting statements, taking photos, interviews, reviewing documentation like pre- trips, FLRA/FLHA’s, doing the incident report)
  • Drug and Alcohol tests (depending on the severity)
  • Training
  • Modified work for a day or two (lost productivity, depending on the severity)
  • Prime care costs
  • WCB costs (premium increase)

Medical Injuries:

  • Incident notification
  • Investigation time – Man Hours (includes getting statements, taking photos, interviews, reviewing documentation like pre- trips, FLRA/FLHA’s, doing the incident report)
  • Post incident meetings (VP’s, GM’s, Managers, Supervisors and workers)
  • Drug and Alcohol test(s)
  • Modified work hours
  • Training
  • Hours spent at hospital (Supervisor and Worker)
  • Ambulance costs (depending on severity)
  • Prime care costs
  • WCTL (Workers Comp Tech Limited) costs (Deal with WCB on behalf of Lafarge, contact worker, communicate with physio)
  • WCB costs (premiums, Physio therapy(depending on severity)

Lost Time Injuries:

  • Incident notification
  • Investigation time – Man Hours (includes getting statements, taking photos, interviews, reviewing documentation like pre- trips, FLRA/FLHA’s, doing the incident report)
  • Post incident meetings (VP’s, GM’s, Managers, Supervisors and workers)
  • Drug and Alcohol test(s)
  • Modified work hours
  • Training
  • New hire costs (training, wages, Drug and Alcohol testing, Fit for duty testing)
  • Hours spent at hospital (Supervisor and Worker)
  • Ambulance costs (depending on severity)
  • WCTL and Primecare costs
  • WCB Costs (premiums, wage for worker, Physio therapy, re-training)

Investment in safety is a win / win! Take the time to do things right.  Cutting corners may seem like a good idea occasionally to “get things done”, but eventually it will catch up to you.

Your Cart