Why Should I Comply?
Improper powered industrial truck operation is the major cause of warehouse and plant damages. One study from a major commercial property insurer found that the cost of 280 loses over a 10-year period totaled $87 million! (Factory Mutual Engineering & Research)
Loss of life and limb:
Powered industrial truck accidents result in approximately 100 fatalities and 40,000 serious injuries each year. (OSHA)
Loss of productivity:
Employers lose an estimated 20,000 workdays annually due to lift truck accidents. (Bureau of Labor Statistics)
Risk of litigation:
Employers spend up to $42 million annually in accident-related litigation and settlements. (OSHA)
Insured and uninsured costs:
Statistics show that employers pay up to $252 billion annually in direct and indirect costs relating to damage and/or injury producing incidents. (Liberty Mutual)
- Statistics also show that operator training can reduce lift truck related accidents by as much as 70%. (NIOSH)
- Compare the costs of accidents to OSHA’s projected cost of compliance at 0.0002 percent of sales, and you might conclude that compliance will actually save you a substantial amount of time, money, and effort and reduce the risk of potential tragedy.