U.S. Companies Pay $62 Billion Per Year for Workplace Injuries
The annual cost to U.S. business of lost-time workplace injuries is greater than the gross domestic product (GDP) of 91 countries, according to data from the World Monetary Fund.
Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers nearly $62 billion in 2013, the most recent year for which statistically valid injury data is available from the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance, according to the 2016 Liberty Mutual Workplace Safety Index. That is more than $1billion per week spent on the most disabling, nonfatal workplace injuries.
