Each year, U.S. businesses spend $40 billion in direct costs – wage replacement and payments to medical care providers – related to workplace injuries. But that’s not all. Liberty’s studies have shown that the indirect costs – lost productivity and overtime – are far larger, three-to-five times larger, than the direct costs. This translates into a staggering $120 billion to $240 billion total cost to U.S. businesses for work-related injury and illness.

Clearly, workplace accidents needlessly cause pain and suffering to valuable employees and waste resources that impact business performance. By focusing on workplace safety improvements, a company can protect itself from the human and operational impact of a workplace accident, and better manage its financial performance.

Throughout its 90-year history, Liberty Mutual has been a leader in loss management services. Our 600 loss prevention consultants identify loss sources and suggest changes that help customers control or eliminate sources of loss, while our return-to-work programs ensure that injured employees get back on the job as quickly as possible. In addition to dollar savings, benefits include lower turnover, better morale and improved work quality.

Liberty Mutual, of course, cannot act alone to reduce a customer’s workplace injuries and their related costs. Only through a partnership with our customers – as portrayed in the following pages – can we effectively control loss.