The cost of a Slip, Trip & Fall (STF) incident is multivariable and comes with very serious repercussions. A cross-sectoral average between markets demonstrates on average that 15-25% of all STF accidents lead to a serious debilitative injury and in some cases have been fatal.
The individual costs include loss of income; pain from injury; reduced quality of life; worry and stress while the costs for the employer include:
- Insured Costs (injury, ill-health, damage)
- Product, plant, equipment damage
- Production/operation delays
- Overtime working, temporary labour and training
- Loss of expertise and experience
- Investigation time
- Clerical effort
- Fines, effect of accidents
- Reputational / brand damage
The average insured cost of a STF accident in Ireland within the high footfall sector ranges approximately from €32,000 – €35,000. If the moral case to manage the enduing and dynamic STF risk in your business is not enough, the financial case is significant when you take into account the non-insured and insured costs of a STF incident.
If your business is experiencing any of these real issues outlined above, SeaChange can provide a bespoke and cost-effective Risk Management Solution to fit your needs, your people and your organisation, while also delivering real results.