If an accident happens it’ll have a huge impact on your business! Here are three you’ll need to consider...

Ashley Churchyard, Fsp Business, 03 Sep. 2014

Tags: workplace accident, effects of a workplace accident, safety precautions,

When accidents happen, you don’t just have to stop work to investigate. You have to deal with all the backlash too.

All of this can have a horrific effect on your company.

This is a problem that’s caught many business owners off guard. At the end of the day, you need to prepare yourself and your business for the effect a workplace accident could have. This way you can try to create a backup plan to help you cope with these devastating effects.

So here’s how that accident will affect your business...


Here’s how workplace accidents will negatively impact your company 

As I said, when accidents happen you have to stop work to deal with them. This means you lose productivity because of all the distractions. 
Reduced productivity affects your company’s bottom line because you can get your work done and start on new work as quickly.
An accident can also cause serious damage to your company property. You’ll have to fork out even more money to cover the cost of replacing or fixing these damages.
But there’s one more way an accident can slam your company financially...
*********** Hot off the press  ************
Do you have more than 20 employees?
Don’t ignore this health and safety obligation or else!
The DoL will slap you with a R50 000 fine or 1 year in jail if you don’t have a health and safety representative. 
Here’s how to avoid it…

This is the last way an accident will affect your company financially 

If an accident results in your employees suffering injuries, they may have to stay off work for a while. This means you have to pay those employees without getting any work done.
This can have a massive impact on your company, particularly if there are a lot of employees with injuries. 
As you can see, workplace accidents can really have a devastating effect on your company. To protect your company and your employees from this, you need to prevent these accidents with appropriate safety precautions.

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