Can Your Business Afford a Slip and Fall Accident?
The purpose of this document is to help the reader understand the seriousness and cost of slip and fall accidents. Nano-Concepts Nano-Grip™ non slip floor safety treatment addresses the need to help businesses and home owners protect themselves, employees, customers, and family members from costly, dangerous, and sometimes fatal slip and fall accidents. The annual cost of slip and fall injuries is over $11 Billion dollars in the commercial market alone. Our Nano-Grip Service provides the much needed floor safety solution that both businesses and home owners need to protect them. Nano-Grip is not a coating that will wear off but a unique chemical process that will make your floors safer wet than dry.
How Much Does a Slip and Fall Really Cost?
Slips, trips and falls make up the majority of general industry accidents. According to the U.S. Department of Labor’s Occupational Safety & Health Administration (OSHA), slips, trips and falls account for 15 percent of all accidental deaths, and are second only to motor vehicles as a cause of fatalities. “Last year there were 822 occupational deaths due to falls,” says Don Ostrander, CSP, director of consulting services occupational safety and health at the National Safety Council in Itasca, Ill.
Dollars and Cents
According to the 2006 Liberty Mutual Workplace Safety Index, the annual direct cost of disabling occupational injuries due to slips, trips and falls is estimated to exceed $11 billion. The Index reports that falls on the same level are the second most costly occupational injury (estimated annual cost of $6.7 billion), just behind overexertion. It also shows that bodily reaction, which comprises injuries from slipping or tripping, is the third highest injury category, followed by falls to a lower level (4.6 billion).
“The average cost from slip and falls is $22,800 per accident,” “The average workers compensation claim is $19,000.”
These numbers often account for medical costs alone, a hefty fine for an accident that could have been prevented. If an employee has an accident, managers must also factor in potential replacement workers, the salary of the unemployed staff member, and restricted duty for that person, etc. If a building occupant or visitor has an accident, there is no limit to what fees (medical, legal, etc.) companies will be responsible for. Those costs add up quickly.
The potential business liability for slip-falls is high. Slips are not only a problem for workers. Customers and even the general public can also be at risk. For floors with a hard mineral surface, such as tiles or polished untreated concrete, a non-slip treatment can help reduce falls. Floors in workplaces where people continually enter from outdoors will often be wet in the winter and when it rains. For example, in shopping malls, hotels, grocery stores and fast food outlets employees and customers can slip and fall where the floor surface is wet. In commercial kitchens and some industrial operations, grease or oils may settle on the floor, increasing the chance of a slip-fall. A non-slip floor treatment is needed when wet or greasy floors are inevitable.
There are social burdens related to this problem, including Worker’s Compensation claims over $1.8 Billion year.
40% of all accidents claims paid out. Worker’s Compensation and Liability Insurance Rates are increasing on the average of 30% per year. The total expense resulting from slip-fall injuries alone is a $100 million per day problem.
Call Us for a Free Slip and Fall Consultation and Test (855) 687-0976 or email email@example.com