Discuss some of these costs in current by employers as a result of the of workplace accidents
Answers
Answer:Work Injury Costs and Time Lost
National Safety Council (NSC) cost estimates represent income not received or expenses incurred because of fatal and nonfatal preventable injuries. These cost estimates are a measure of the economic impact of preventable injuries and may be compared to other economic measures, such as gross domestic product, per capita income, and personal consumption expenditures. The costs reflect the impact to society, not specifically to employers.
The true cost to the nation, employers, and individuals of work-related deaths and injuries is much greater than the cost of workers’ compensation insurance alone. The figures above show National Safety Council estimates of the total economic costs of work-related deaths and injuries.