Room to improve
Without question, existing safety measures – high- and low-tech – have made the job site safer and more efficient for workers. Still, the industry faces some sobering statistics. According to OSHA, one in five worker deaths each year is in construction. In 2018 alone, construction workers accounted for 1,008 (about 21%) of all fatal work injuries, according to the Bureau of Labor Statistics.
The good news is that the industry is embracing smart, wearable technology to help prevent injuries, protect workers and reduce risk. Just as a smartwatch can track your health, wearables such as connected hard hats can track factors that impact construction risks.
Utilization of this technology makes the risk far more attractive to an insurer, as the likelihood of claims activity is heavily reduced from a risk management perspective. While there can be a significant cost to implement this technology, it will be minimal compared to the legal fees associated with liability lawsuits. Even a few small claims can heavily impact insurance premiums, so taking these steps to improve worker safety serves to protect a business in the long term.