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You can expect the following from a powered industrial vehicle injury:
- The median number of lost work days per accident is seven.(1)
- 22.8% of the injuries will result in more than 31 lost work days per injury.(1)
- The cost of a death due to an accident is $1,090,000.(2)
1. Bureau of Labor Statistics, 1999
2. National Safety Council, "Estimating the Cost of Unintentional Injuries, 2002"
An ALERT Safety Products device can pay for itself by preventing just one accident!
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Accident Cost Element |
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Direct Cost |
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Equivelent number of ALERT devices |
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Lost Productivity (3.8 * $1,960) (1) |
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$45,800 |
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57.3 |
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Equipment Damage (1) |
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$6,400 |
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8.0 |
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OSHA Fine (Base Penalty) |
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$3,500 |
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4.0 |
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Insurance Premium |
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Increases ($) |
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? |
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Worker’s Comp Premium |
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Increases ($) |
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? |
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Lower Morale |
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Costly ($) |
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? |
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>69.3 |
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1. National Safety Council, "Estimating the Cost of Unintentional Injuries, 2002"
Compare the downside of an accident
to the upside of safety:
Consider what happens when a forklift accident occurs with injuries:
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- Production is reduced/suspended
- Employee out an average of 7 days
- Worker's Compensation claims
- Damage to workplace
- Damage to equipment
- OSHA investigation, leading to fines
- cost of filing claims and reports vs. revenue producing activities
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Add it up! Can you afford not to improve forklift safety?
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- 1% of factory accidents involve forklift trucks, these forklift accidents produce 10% of the physical injuries.*
- The Bureau of Workers’ Compensation estimates a non-skeletal injury costs between $25,000 - $30,000.
- Lost productivity can cost between $25,000 - $80,000 per hour.
- Pedestrians hit by a forklift make up 45% of all injuries according to one study.
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*Barrett C. Miller @ http://safety-engineer.com
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