International Comparison of the Cost of Work-related Accidents and Illnesses

The economic advantages of occupational safety and health have never
been more apparent. New estimates from an international project show that
work-related accidents and illnesses cost the EU at least EUR 476 billion
every year. The cost of work-related cancers alone amounts to EUR 119.5 billion.

Forming a comprehensive estimate of the societal cost of work-related accidents
and illnesses is a complicated task. However, it is essential that societal
decision-makers recognise the consequences of insufficient preventive action
and subsequently plan effective measures in different policy areas. If the
economic effects on people's quality of life and work are not expressed in
equivalent financial terms, there is the danger that they will not be
sufficiently heeded, be it in the political sphere or in people's daily lives.

EU-OSHA thus aims to address this need in its project ‘Costs and benefits of
occupational safety and health', which aims to develop an economic costing
model in order to produce reliable estimates of the costs. The project results
were presented at the XXI World Congress on Safety and Health at Work in
Singapore in September and are available on the EU-OSHA website as an
interactive data visualisation.

More Info

AplusA-online.de - Source: European Agency for Safety and Health at Work - EU OSHA