Safety Labels

LITPD288

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» HOW SAFE IS YOUR WORKPLACE? » S a f e t y L a b e l s f o r E l e c t r i c a l E q u i p m e n t & F a c i l i t i e s M a n a g e m e n t According to the U.S. Bureau of Labor Statistics (BLS), there were over 2.8 million 1 workplace injury cases reported in the U.S. private sector in 2012, and nearly 4,400 2 fatal workplace injuries. Every workplace carries potential risks for injuries. Safety audits must be conducted whenever building and installing industrial automation equipment. In addition, electrical equipment must be identified and contain appropriate warnings to reduce the risk of injury from electrical shock, Arc Flash and other hazards. And while no employer can completely eliminate these risks and injuries, it is of the utmost importance and a duty that companies do all they can to protect employees. Furthermore, workplace safety may be viewed as a financial imperative, as the associated costs can be substantial. » THE COSTS OF WORKER'S COMPENSATION CLAIMS The Occupational Safety and Health Administration (OSHA) estimates the direct costs of workplace injuries and illness to U.S. employers at over $1 billion each week. 3 The total cost of injuries goes far beyond compensation and care for the injury itself. 4 DIRECT EXPENSES: • Worker's compensation payments and case management • Medical expenses INDIRECT EXPENSES: • Legal fees • Training replacement employees • Regulatory investigations and fines • Implementation of corrective measures • Repairs to damaged equipment and property • Lower productivity due to decreased employee morale and higher absenteeism • Negative PR that can affect community and customer relations OVERVIEW

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