Safety Budget Worksheet
Why All Organizations Need a Safety Budget
The average workplace incident costs employers $36,500—US Bureau of Labor Statistics
US employers pay about $1 Billion per week in workers compensation claims—OSHA
A good safety and health program can save $4 to $6 dollars for every $1 dollar invested—US Department of Labor
Serious occupational fatalities are at 6-year high—OSHA
The math tells the story—safety saves lives and money.
Vivid’s Safety Budget Planner makes it easy for safety professionals to calculate expenses for essential resources that support accident prevention, hazard mitigation, and compliance.
With actual pricing for safety goods & services from reputable national suppliers, this simple tool helps you get a handle on safety program finances.
- Based on Medium-Risk Work Environments
- Averaged for 250 Employees
- Accounts for Hazard Diversity
- Key Services Averaged Monthly
- Annual Inspections
- Includes Training & Certifications
Safety remains a reactionary business function, undervalued and often ignored.
Yet the failure to budget and invest in occupational health & safety has a chilling effect on culture, and serious consequences for employers and working families.
That’s why it’s never a bad time to plan your safety budget.