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The Real Cost of Managing Safety
Date: Wednesday, March 26 Time: 10:30 - 11:30

Presenter(s):
Jeffrey Lew, Professor, Purdue University

Session Description
One of the biggest challenges to a manager or business owner is controlling costs. One business cost center is insurance to cover accidental losses. The cost of safety and insurance should not be measured in terms of noncompliance, rather, in terms of return on investment (ROI). To some, it is viewed as a business expense. An effective safety management system can have a positive effect on the total corporate bottom line. The best way is to implement an effective safety program is to reduce accidents. Your company needs to understand that the real cost of accidents includes both direct and indirect cost. This session will explain these costs and how to manage them to obtain ROI.

Industries / Areas of Interest:
Gas and Oil •Water and Sewer •Fiber / CATV •Electric •Excavation •Damage Prevention •Locating •

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