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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!

       
  Lost Productivity (3.8 * $1,960)  (1)   $45,800   57.3  
  Equipment Damage  (1)   $6,400   8.0  
  OSHA Fine (Base Penalty)   $3,500   4.0  
  Insurance Premium   Increases ($)   ?  
  Worker’s Comp Premium   Increases ($)   ?  
  Lower Morale   Costly ($)   ?  
           

1. National Safety Council, "Estimating the Cost of Unintentional Injuries, 2002"


Compare the downside of an accident to the upside of safety:

     
        
  
  • Productivity Loss
  • Production Slowdown
  • Wage loss
  • Medical Expenses
    • Doctors Fees
    • Hospital Charges
    • Medications
    • Ambulance
    • Helicopter
  • Admin Expenses
    • Insurance
    • Legal
    • Management Diversion
  • Uninsured Costs
  • Investigation Expense
  • Reporting Expense
  • First Aid
  • Replacement Training
  • Overtime for Other Workers
  • Adverse Publicity
  • Fines (OSHA, others)
  • Increased Insurance Premium
  • Increased Worker’s Comp Premium
  • Low Morale
  • Lower Quality of Life
  • Death


  
     
        
  

  • None of the Above
  • Lower Capital Expenditures
  • Lower Overhead Costs
  • Improved Productivity
  • Improved Morale
  • Lower Insurance Premiums
  • Lower Worker’s Comp Payments
  • Larger Worker’s Comp Rebates
  • Higher Profits


  


Consider what happens when a forklift accident occurs with injuries:
        
  
  • 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
  
Add it up! Can you afford not to improve forklift safety?
        
  
  • 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.
  

*Barrett C. Miller @ http://safety-engineer.com

 
©2007, Alert Safety Products