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A Look at the Costs of Job Site Injuries and One Easy Way to Reduce Risk

– Posted in: construction, Maxial Scaffold Hoist, News & Press Releases, Portable Material Hoist, Rack and Pinion Hoist

Everyone in the industry knows that job site safety is an important issue.  Safety is a big issue because people are not expendable and should never be treated that way.  The health and safety of employees is something that every employer should be concerned about simply from a moral standpoint. 

Safety also significantly impacts the bottom line.  The financial cost of accidents is a huge factor and the reality is that beyond the moral issue, companies must look at keeping their employees safe and reducing the risk of injury to be profitable.  Costs related to insurance, workers’ compensation etc. are a significant part of overhead.

 

The TOTAL cost of a workers’ compensation claim is shocking.  When an accident occurs, there are direct costs to the company that are fairly strait forward.  These generally include medical costs and wage replacement.  However, there are also significant “indirect” costs involved.  According to a study conducted by Stanford University’s Department of Civil Engineering, these indirect costs are often greater than the direct costs.  For example, a fracture on average generates direct costs of around $50,000.  The indirect costs of that injury are estimated at $55,000.  (Source: http://www.cavignac.com/the-real-cost-of-a-workers-compensation-claim/)              

 

So what are these indirect costs?  They can include the following:

  • Wages paid to the employee for absences not covered by Workers’ Comp.
  • Wage costs related to time lost through work stoppage related to the incident
  • Overtime
  • Time spent by administrators, supervisors, safety officers and others to handle the claim
  • Cost of hiring and training a replacement worker
  • Lost productivity related to work rescheduling, learning curves
  • Costs associated with cleaning up, repair / replacement of damaged equipment or product

In addition, in some cases there are even more indirect costs associated with an injury including OSHA fines, third party liability, legal fees, etc., not to mention the impact that a claim will have on your experience modification and insurance costs.  When you factor in all of this, the example injury (fracture) above could total over $120,000!  If your company averages a 10% profit margin, you would need to generate an additional $1.2m just to cover the costs associated with this one incident.

 

Obviously reducing the risk of injury is something that every company needs to take very seriously. Fortunately, increasing safety does not always mean reducing productivity. 

If you can improve safety without negatively affecting productivity it is a no-brainer, right?  If you can actually increase safety AND productivity at the same time it’s a home run.

One simple, cost effective way to do this is to improve how your workers are moving materials up and down on multi-story job sites. 

If you look at any study that examines the most frequent injuries on construction sites, the following types of injury consistently rank in the top ten:

  • Stress injuries – Construction requires a lot of repetitive movement. Constant lifting, bending, or moving in a certain way can cause stress injuries over time. These often occur in the back and can have life-changing effects for the worker.
  • Injuries from falling / dropped objects— These are some of the most frequent causes of accidents and can cause a wide variety of injuries including head and neck injuries, fractures, crushed digits or worse.

The use of hoists to move materials is a proven way to increase productivity by delivering materials faster to the workers that need them, eliminating bottlenecks and delays, and allowing crews to work independently without having to share time on cranes and lulls.  Using hoists also DRAMATICALLY reduces the likelihood of the above types of common injuries.

Beta Max Inc. has been manufacturing and supplying some of the most popular hoists in the industry for over 35 years.   

These include the following:

High-Speed Portable Wire Rope Hoists

“We were able to move heavy, cumbersome material and equipment up and down several hundred feet safely and efficiently.  In some cases it took the place of our tower crane saving us money for rental days and crane operators…”

Beta Max offers a full line of portable hoists that can lift up to 1000 lbs. at 80 feet per minute or up to 2000 lbs. at up to 40 feet per minute.  These hoists are versatile with a variety of mounting options for mounting on scaffolding, I-beams or stand-alone systems.

 

Maxial Track Hoists         

“(Maxial Hoists) have reduced my liability exposure DRAMATICALLY”

 

– L.A. Guinther, StructSure Scaffold Project Manager

 

“We were able to reduce the risk of injury from materials being dropped in the daisy-chain…the Maxial allowed us to get materials to the top in a safe manner.” 

-Jim Shea, Empire Scaffold Services Division Manager

The Maxial Hoists have become an industry standard for scaffold projects.  The Maxial runs on a track system and builds along with the scaffold.  They carry baskets specifically built to carry scaffolding materials and run at 80 feet per minute.  These popular hoists eliminate the need to pass materials up and down a man-line or “daisy-chain” which improves safety and productivity, and allows companies to better allocate and utilize their manpower.

 

 

Rack & Pinion Material Hoists, Transport Platforms and Personnel Hoists

“We would have lost a number of hours every single day for every worker just getting up and down…they would have gotten fatigued…the hoist was instrumental to safety, worker comfort, and material movement…”    

-Brett Rugo, President of Rugo Stone                           

Beta Max Rack & Pinion Hoists are known for their smaller footprint, quicker and easier installation and lower tie-back forces than larger hoists.

 

Whether you need to move men, or material such as brick, block, mud, glass, tile etc. or if you are involved in scaffold E&D…Beta Max Hoists have you covered, and will help you increase safety and productivity at the same time.  If you aren’t using Beta Max Hoists you are costing yourself money and creating unnecessary liability exposure.  What are you waiting for? 

Give us a call today at 800-644-6478 or go to www.BetaMaxHoist.com

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