Pronounced: In DEM′ ni fy HOW IT COMES UP Sometimes when two companies make a contract one side agrees to indemnify the other against losses.   WHAT IT MEANS The company that promises to indemnify (Company A) must repay the other company (Company B) for any losses Company B suffers because of things Company A does or omits to do.   EXAMPLE A subcontractor indemnifies a contractor for losses resulting from the subcontractor... Read more

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PRONOUNCED In JUNKT′ shin   HOW IT COMES UP An ... Read more

sub ro GAY′ shun   HOW IT COMES UP Many insurance policies give the insurance company the right of subrogation in case the insurer has to pay the policyholder for a loss caused by a third party.   WHAT IT MEANS Subrogation lets the insurance company take over the policyholder... Read more

Fatigue renders employees less productive and more vulnerable to injury on the job. A U.S. study also documents some of the more subtle effects of fatigue (defined as a feeling of weariness, tiredness or lack of energy):   ... Read more

According to a recent Gallup poll, employer healthcare expenditures attributable to smoking were $75.4 billion in 1998; annual smoking-related productivity losses were $92 billion. Thus, total smoking-related losses were $167 billion per year.... Read more

Among the countries of the world that compensate employees who suffer work-related injuries, which kind of injury costs the most?   Answer: Musculo-skeletal disorders. According to an International Labor Organization report, 40 percent of payments for injuries and illness go to victims of MSDs. Although based on statistics from Finland, this finding is consistent with the experience of other nations. MSDs ... Read more

$910,000   What does this figure represent? a. The amount of money it costs to provide thorough electrical safety training to 500 workers b. The amount of money it costs to outfit 100 workers with state-of-the-art respirator equipment c. The amount of money a company saves each time it prevents a workplace death d. The average amount of legal costs a company incurs in successfully appealing an OHS violation   Answer: c   Source: U.S. OSHA e-compliance tools... Read more

How much money does the average eye injury cost a company in compensation and medical expenses?   ... Read more

Workers who use drugs and alcohol are a threat to safety and a drain on the bottom line. Consider the following:   ... Read more