| Machine and Process Safety Education,
Assessment and Risk Identification,
Engineering and Design,
Integration,
and Implementation... |
Education - Provide your employees with an understanding of machine and process safeguarding basics
using our one and two day machine safety seminars
Assessment and Risk Identification - Build a foundation for a safer, more productive manufacturing
operation. Know the hazards presented by your equipment and processes through our unique, standards-based
assessment process. Quantify the risks and how to mitigate them. Omron STI can supply the plan.
Engineering and Design - Proper safety circuit design and product selection are an important part of creating
a safe and productive manufacturing floor. With the resources of one of the world's leading industrial automation
and safety companies, Omron STI is uniquely qualified to help.
Integration and Implementation - Having options is important. With Omron STI you choose how much or
how little of our support you'd like. From just a safety seminar to get you started and expand your knowledge
base, to a complete, turnkey package that brings it all together - including operator training - no job is too large
for Omron STI.
There's more to safety than simply installing a guard or safety light curtain. Properly executed, safety pays
big dividends. For more detail on how our product and service offerings can you create a safer, more productive
environment, please explore the information provided in the pages that follow.
Please call us with any questions or comments. We welcome the opportunity to partner
with you for a safer, more productive, and profitable future. |
| Who thinks investing in safety equipment and programs
impacts the bottom line? |
|
61% of executives claim that for every dollar spent on investments
in workplace safety $3 are saved (according to a poll by the Liberty
Mutual Group) |
|
95% of the executives in the poll indicate workplace safety has a
positive impact on a company's financial performance |
|
OSHA's Office of Regulatory Affairs reports an even more dramatic
result; suggesting $4 to $6 are saved for every $1 invested |
|
Estimating the financial costs in advance
of an injury is difficult. Fortunately, OSHA's
interactive $afety Pays website offers
assistance.
Using insurance company claims data, the
tool calculates the estimated direct and
indirect costs of an injury. Also, if you enter
your profit margin information, $afety Pays
will project the additional sales required to
recover the costs of the injury.
Consider a simple example: Assume that
a company has annual sales of $10 million
with an 8% pre-tax profit margin. For a
single accident resulting in an amputation,
$afety Pays estimates the costs of the
injury as follows: |
| Average Direct Cost: |
$21,718 |
| Average Indirect Cost: |
$23,890 |
| Estimated Total Cost: |
$45,608 |
The additional sales revenue necessary to
cover these costs are:
Total Cost: $570,100
In other words, the next 5.7% of sales
growth will go solely to pay for the
total cost of the accident. If your pre-tax
margins are less, the sales impact is
even greater.
Indirect costs account for the majority
of accident expenses but are not
typically covered by insurance.
One final note - the answers returned by
$afety Pays may be conservative with
regard to the ratio of indirect-to-direct
costs which is almost 1:1. A poll by Liberty
Mutual Group estimates the actual figure
may be 5:1 while an American Society
of Safety Engineers study suggests
a ratio of 8:1. |
|
