Which of the following is true regarding severity of workplace injuries?

The statement that severity is based on cost and loss incurred accurately captures the essence of what severity measures in the context of workplace injuries. Severity refers to the impact of an injury, which can be quantified in terms of financial loss, medical expenses, and other related costs. Higher severity typically correlates with more significant injuries that lead to substantial medical bills, potential long-term impairments, and increased insurance premiums for the employer.

In workplace safety assessments, understanding the severity helps organizations prioritize safety interventions. By differentiating the degrees of severity, employers can allocate resources effectively to mitigate risks associated with more severe injuries and their associated costs. This understanding is critical for risk management and ensuring effective workplace safety policies.

Other options misrepresent the concept of severity. For instance, it does not directly relate to the frequency of incidents, as one can have frequent minor injuries that do not incur high costs. Additionally, severity doesn’t determine the number of employees at risk but rather assesses the impact on the employees who do get injured. Lastly, severity encompasses both minor and major injuries, so it is not limited to indicating only minor injuries.