HomeHome SearchSearch MenuMenu Our productsOur products

Your business could go bankrupt if your factory's health and safety budget doesn't include these ten items

by , 04 December 2014
Health and safety is a vital component of running your factory properly.

But implementing effective health and safety measures also takes money. To make sure putting health and safety measures in place doesn't cost you as much as workplace accidents, you need an effective health and safety budget.

This will stop your company going bankrupt because of unexpected health and safety expenses.

Here are the items your safety budget must include so you can protect your employees and your bottom line...

 
*********** Best seller  *************
 
21 Items you should have in your Occupational Health and Safety Budget
 
 
*********************************
 

Include these ten items when you draw up your health and safety budget for your factory 

 
1. Do a base-line risk assessment to establish the risks in the workplace. This process can take a lot of time and preparation. If you want to find out how to do it effectively and save on costs check out the Risk Assessment Toolkit.
 
2. Budget for a base-line compliance audit. The faster and more effectively you can do this, the less it will cost. Check out the Audit Smart Software for everything you need to do your audits effectively.
 
3. Budget for all health and safety training. This must cover all the different types of training for all your employees. You can find out everything you need to know about the different types of training in the Health and Safety Training Manual
 
4. Establish what the fire risks are. Put this into your budget to make sure there's sufficient and suitable fire fighting equipment available at all times. There's a lot that goes into fire safety so check out the Fire Safety Toolkit to find out everything you need to include in your budget.
 
5. Establish your evacuation plan and budget for all the related expenses.
 
6. Budget for the cost of compiling safe working procedures.
 
*********** Advertisement ************
 
Do you want to be fined, jailed or have a criminal record for life?
 
If an accident occurs in your workplace, and the person dies, you could be charged with culpable homicide, charged penalties of R100 000 or 2 years in jail! The CEO or Owner of a company is personally accountable for health and safety at work. 
 
 
***********************************
 
7. You need to budget for incident costs. After all, when accidents and injuries occur, they cost you money. 
 
8. Machinery maintenance costs must be in your budget. 
 
9. Medical surveillance should be in your budget to cover risks based on medical surveillance.
 
10. Personal protective equipment (PPE) is expensive and must be in your budget. What PPE will you use to manage certain risks? This might include:
 
Safety shoes;
Dust masks;
Overalls;
Safety glasses;
Gloves;
Respirators;
Fall protection equipment;
Ear protection; and
Other PPE identified in your risk assessment.
 
If your factory's health and safety budget includes these ten points, you can ensure your company can actually afford all of it.
 
Avoid nasty surprises from health and safety expenses by creating an effective health and safety budget. Check out the Health and Safety Budget for everything you need to know about budgeting for each of these ten items.
 


Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>