25 Jan The Cost of Error
The cost of error can be extraordinary: Estimated Costs of Occupational Injuries and Illnesses and Estimated Impact on a Company’s Profitability: Injury type: Low end amputation Direct costs $66,777 Indirect costs $73,454 Total cost $140,231 Estimated additional sales to cover total costs: $12,748,272. (source: OSHA.gov) The most important precaution in hazardous energy work areas is Lockout/Tagout (LOTO). Energized...
