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That’s why it’s never a bad time to plan your safety budget. ACoordinate and implement, under the direction of the board and audit committee, the instructions and planning worksheets for validating risk assessment of the annual budget. Yet the failure to budget and invest in occupational health & safety has a chilling effect on culture, and serious consequences for employers and working families. Safety remains a reactionary business function, undervalued and often ignored. View SmannionBudget Worksheet10182020.docx from HIM 2304 at Rasmussen College. The final template has the advantage of being able to keep track of what you are actually spending compared to your budget. With actual pricing for safety goods & services from reputable national suppliers, this simple tool helps you get a handle on safety program finances. Vivid’s Safety Budget Planner makes it easy for safety professionals to calculate expenses for essential resources that support accident prevention, hazard mitigation, and compliance. The math tells the story-safety saves lives and money. Serious occupational fatalities are at 6-year high-OSHA US employers pay about $1 Billion per week in workers compensation claims-OSHAĪ good safety and health program can save $4 to $6 dollars for every $1 dollar invested-US Department of Labor The average workplace incident costs employers $36,500-US Bureau of Labor Statistics Why All Organizations Need a Safety Budget