If the properties you manage have not had their walkways inspected in the last 12 months then it is almost guaranteed that safety hazards exist. Tree root growth, soil erosion, even small earthquakes enlarge uneven edges between concrete slabs or cracks that make trip and fall hazards.
The costs of these dangers to you and your team can be significant. Trips and falls are among the most common and most costly workplace accidents. The average settlement in workplace injury is $20,000 and $50,000 if it goes to litigation. This goes along with an average of 38 days of missed work and workers comp payments. According to EH Today businesses pay out a billion dollars a week in workers comp.
Then there are the costs of unsafe walkways on tenants and visitors. The longer these stay unfixed they have a psychological effect creating a sense of dissatisfaction that makes it more likely tenants will not renew their lease, or visitors will not consider moving in. If a tenant or visitor does trip and fall the average settlement cost is $40,000.
The costs of these dangers to you and your team can be significant. Trips and falls are among the most common and most costly workplace accidents. The average settlement in workplace injury is $20,000 and $50,000 if it goes to litigation. This goes along with an average of 38 days of missed work and workers comp payments. According to EH Today businesses pay out a billion dollars a week in workers comp.
Then there are the costs of unsafe walkways on tenants and visitors. The longer these stay unfixed they have a psychological effect creating a sense of dissatisfaction that makes it more likely tenants will not renew their lease, or visitors will not consider moving in. If a tenant or visitor does trip and fall the average settlement cost is $40,000.
Those most vulnerable to trips & falls on unsafe walkways are very young children and older adults, those who most need your protection. In addition, the demographics of the United States show an aging workforce with the highest growth in the segments from age
Compare these safety costs along with the additional costs of increased liability, property insurance, and lack of federal ADA compliance with the low cost of inspecting and doing yearly repairs. Compare the 3 top repair methods here.
Compare these safety costs along with the additional costs of increased liability, property insurance, and lack of federal ADA compliance with the low cost of inspecting and doing yearly repairs. Compare the 3 top repair methods here.