Employers spend an average of $280 per employee a year — equating to $38 billion for the U.S. workforce — for injuries suffered at home, according to a new study released by the Home Safety Council.
Health insurance, life insurance, sick leave and disability as well as the cost of hiring and training new employees all go into the cost. The study found that an injury that results in a hospital stay costs nearly $20,000, and a fatal injury costs an employer nearly $30,000.