First of all, the question is whether any safety strategy saves money. The productivity Institute of South Africa maintains that safety improves productivity and hence improves the bottom line.

Therefore it can be safely stated that safety generally saves you money. However, it can also cost you money. An example here is the Compensation Commissioner in South Africa claiming excessive payment because (the claim) is not based on incident statistics.

Almost every industry can benefit from having a sound Safety Strategy in place. The benefits of having a safe organisation are many but more often than not, having a comprehensive Safety Strategy will have financial, morale and time benefits.