What does a workplace injury really cost?
Workplace injuries can result in many costs that are not covered by a WSIB claim. In fact, the WSIB estimates that claims only cover about 20% of the total cost of an injury.* This calculator helps businesses to evaluate the total cost of an injury and the impact on their bottom line.
The calculator contains 11 injury scenarios based on injuries common to the service sector. Each scenario provides general estimates on costs related to that injury (note that costs will differ for every business).
Here’s what you can do with the calculator:
The Ontario Service Safety Alliance’s Health & Safety Calculator has been adapted, with permission, from versions developed by WorkSafe BC and IAPA. Additional small business resources can be obtained free of charge from WorkSafeBC.com. IAPA’s calculator can be found at www.iapa.ca.
* From the WSIB’s Business Results Through Health & Safety
Introduction to a Basic Occupational Health & Safety System (product number 100-008-001-P-GE) can be ordered online or by calling our Client Services Line at 1-888-478-6772.
For more information on developing a Health & Safety system in your workplace, see Getting Started - A Health & Safety Primer for Small Business.
You are responsible for ensuring that contractors have sufficient personal liability/compensation insurance.