What is the estimated annual cost of occupational injuries and illnesses to employers?

The estimated annual cost of occupational injuries and illnesses to employers is $1.83 trillion. This figure is derived from comprehensive analyses that encompass various factors such as medical expenses, lost productivity, and indirect costs associated with absenteeism and turnover. This substantial number reflects the significant financial burden that workplace injuries and illnesses place on employers across different sectors.

Understanding these costs highlights the importance of investing in workplace safety and health programs. By reducing the incidence of injuries and illnesses, employers can not only protect their workforce but also mitigate these substantial costs, ultimately enhancing their overall financial performance.

The other options represent estimates that are higher than the actual statistical data available as of the latest assessments and projections, which means they exaggerate the cost associated with occupational injuries and illnesses. Such relevant statistics emphasize the need for accurate data understanding for effective business decision-making and policy-making within the realm of occupational health and safety.