Increased exposure to safety risks, mismanagement of the contractor ecosystem, non-compliance with safety regulations, and lack of proper safety controls - all these factors and more can lead to loss of lives, time, productivity, and trust in businesses.
Besides having a devastating impact on the victim’s family and the community, a workplace injury or fatality can have severe implications for your company as well. Besides medical reimbursements or legal sanctions, a company may also risk losing its employees and most importantly brand reputation.
Health and safety risks don’t just impact lives, they can also impact a company’s bottomline
Direct financial costs of workplace injuries exceed $170 billion annually.
Image
![img](/sites/default/files/2021-12/icon-1.png)
Private industry employers reported 2.7 million nonfatal workplace injuries and illnesses in 2020
Image
![img](/sites/default/files/2021-12/icon-2.png)
Direct costs of even one workplace safety incident on average is a minimum of $40,000 – but this is just the tip of a very expensive iceberg, as one must also consider the indirect costs.
Image
![img](/sites/default/files/2021-12/icon-3.png)
Safety costs range from $47,000 per accident to $1.2 million per fatality according to the National Safety Council (NSC).
Image
![icon](/sites/default/files/2021-12/icon-4.png)
Image
![7-12 % Logo](/sites/default/files/2022-01/injury%20icon-01.png)
Suppliers improve 7-8%, per year, on safety measures after they join.
![](png/connect---invision-3.png)
Manage Risk for Any Supplier
Built with complex supply chains in mind, Avetta organizes and keeps all of your supplier documentation up to date, accurate and available at any time.
![manage-safety](png/manage-safety_4.png)
Image
Manage your supplier relationships, evaluate compliance status and ensure worker safety, all in one application.