A new OSHA report entitled “Adding inequality to injury: The costs of failing to protect workers on the job” highlights the high cost of injuries on the job, not only to the employer but to the worker himself.
Take a look at this graphic taken from the report (p. 6):
Pretty scary isn’t it? According to the report “The costs of workplace injuries are borne primarily by injured workers, their families, and taxpayer-supported components of the social safety net. Changes in state based workers’ compensation insurance programs have made it increasingly difficult for injured workers to receive the full benefits (including adequate wage-replacement payments and coverage for medical expenses) to which they are entitled. Employers now provide only a small percentage (about 20%) of the overall financial cost of workplace injuries and illnesses through workers’ compensation.”
The full report is 20 pages and can be downloaded here.