Many business owners and company executives have long complained that governmental workplace safety regulations financially injure their enterprises. While they concede that safety is important, they believe that government agencies overregulate, causing an unnecessary and substantial financial burden on businesses. A new study suggests otherwise.
The recent study found that state-level safety regulations reduced the number of worker injuries and deaths yet came at barely any measurable expense to businesses. Researchers examined 409 businesses randomly inspected by California's Occupational Safety and Health Administration (C-OSHA). Next, they looked at 409 workplaces that weren't subjected to OSHA inspections.
The data showed a 9.4 percent reduction in workers' compensation claims for businesses that received a government inspection, adding up to a 26 percent reduction in workers' comp payouts over a subsequent four-year period. Researchers concluded that this netted $355,000 in saved money for each business, on average. Further, the study found no measurable average cost for businesses subjected to a random C-OSHA inspection.
The Buckeye State has the equivalent of California's OSHA, known as the Ohio Division of Industrial Compliance and Labor. Ohio workplaces are also subject to investigations on the federal level by the U.S. Occupational Safety and Health Administration (OSHA).
While studies are typically greeted with a healthy dose of skepticism, this recent work-safety study strongly evidences the financial and humanistic value of comprehensive safety regimes in any U.S. state.
If you or a loved one has been seriously harmed or killed in a work accident, contact a skilled Dayton industrial accident lawyer to discuss a variety of legal options you may have.
Source: US News Health, "OSHA's Safety Tests Protect Workers At Little Cost: Study," Steven Reinberg, May 17, 2012
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