What is one consequence of workplace injuries?

One consequence of workplace injuries is the increase in worker's compensation rates. When employees are injured on the job, their employer is typically responsible for covering the costs related to medical care and lost wages. These costs often lead to higher premiums for worker's compensation insurance. As insurance providers assess the risk associated with a company’s safety record, a higher incidence of workplace injuries can result in increased premiums, affecting the overall financial health of the business. Therefore, the relationship between workplace injuries and worker’s compensation rates highlights the significant economic impact of safety incidents, emphasizing the importance of proactive safety measures to minimize risks and reduce costs associated with these incidents.