Health & safety bulletin
Good Safety Practice Saves Money
25th February 2010
It is a fairly common belief that safety costs money, but HSE studies indicate that good safety practice does make good commercial sense, so who do we believe?
It's true that cutting corners may appear to be quicker or cheaper and certainly, many less well educated buyers think that way because the price is cheap.
Accidents are expensive and can cause loss of earnings or delays in work completion. They can also result, in the worst instance, in prison sentences or fines for individuals, employers, or the customer (ignorance is no excuse).
We make no apologies for spending time engaging our employees in behavioural safety workshops and it's no accident that we have the most qualified people in the sign industry. It's also no accident that our XmoMan data management system can demonstrate improvements in efficiency.
The link below gives much more detail about the true cost of poor safety practice, but of more interest to you, as employees of Xmo Strata, is the letter accessible on the link below.
This is a letter from our corporate insurance brokers who have recognised our efforts and negotiated a 12.5% reduction in our premium this year as a direct result of your safety performance.
http://www.hse.gov.uk/costs/costs_overview/costs_overview.asp
Click here to download the letter (12Kb PDF file)