September 10, 2001—Ninety-five percent of US business executives feel that workplace safety has a positive impact on a company’s financial performance, according to the findings of “The Executive Survey of Workplace Safety,” recently published by the Liberty Mutual Group, the nation’s leading provider of workers compensation insurance.
Other survey findings include:
- 86 percent of respondents feel workplace safety provides a return on investment.
- 61 percent feel that $3 or more is saved for each $1 invested.
- 40 percent feel that between $3 and $5 of indirect costs exist for each $1 of direct costs associated with a workplace accident.
- 82 percent feel their company currently places a high priority on workplace safety.
- 70 percent report that protecting employees is a leading benefit of workplace safety.
- 25 percent report that employee training is the most important element of an effective workplace safety program.
- 22 percent believe that management commitment is the most important element.
- 16 percent believe that internal communication is the most important element.
- 69 percent believe that direct employee participation is crucial for effective workplace safety.
Survey results are based on interviews with 200 executives responsible for workers compensation and other commercial insurances at 125 mid-size firms (100 to 999 employees) and seventy-five large companies (over 1,000 employees) representing a range of geographic locations and industries.
For the complete results of the survey, contact Liberty Mutual at 617/574-6638.
