Calculating the costs of workplace injuries

New tool helps Ontario businesses understand the expense of injuries
By
|hrreporter.com|Last Updated: 04/19/2007

A new online tool will help Ontario's small businesses calculate the true costs of a workplace injury.

Ontario firms with fewer than 50 employees account for more than 90 per cent of all firms in the province and one half of the province's jobs are located in small businesses. Statistics from Ontario’s Workplace Safety and Insurance Board (WSIB) also show that the job fatality rates of small businesses are 6.7 times higher than those for larger businesses and lost-time injury rates are 10 per cent higher.

“Many small business employers may be unaware of their legal obligations and the potential benefits of a health and safety program to overall business improvement,” says Michael Abromeit, vice-president of operations, the Industrial Accident Prevention Association (IAPA).