Investment Protection

The first snowfall starts a mad rush for a few things – winter tires, shovels and ice melters! We rush to buy them because we know winter conditions can cause extra slipperiness to the places we drive and walk on. In today’s bulletin, we will talk about investment protection for your business in the winter months. This protection can help your employees, your clients and your maintenance costs.

According to the Canadian Centre for Occupational Health and Safety, injuries resulting from floors, walkways and ground surfaces were responsible for 15% of all days away from work. The average cost of a Slip, Trip and Fall (STF) incident is $3500 in direct Workplace and Safety Insurance Board costs (WSIB) and as much as $21,000 in indirect costs*. The average liability award for injury to a customer runs from $60,000 to $100,000 per claim**.

Focus on Prevention, Not Compensation?

  • Over 540,000 Slip-Fall injuries, requiring hospital care, occur in North America each year.
  • One in three serious bone breaks for seniors results in death (within one year of the accident).
  • Slip-Falls account for over 20,000 fatalities per year in North America i.e. 55 persons per day.