The latest in a series of workshops run by HSENI, in partnership with the Chartered Institute of Building, have taken place at the Beech Hill Hotel, Londonderry.

Part of HSENI’s 'Managing Risk – A Key Investment' campaign, the second workshop for the "high-risk" construction sector highlighted the financial benefits to be gained by construction companies who effectively manage health and safety at work, just as they would any other aspect of their business.

Speaking at the event, Kevin Toner, HSENI Deputy Chief Executive, said: “To help keep the lid on spiralling costs, at a time of escalating insurance premiums, all companies must redouble their efforts to manage health and safety risks. By doing so they will reduce claims, avoid delays and save money.”

In a recent study, carried out by KPMG Consulting in association with the University of Ulster, it has been estimated that the cost of work-related injuries, ill health and near misses to the local economy is approaching £500 million.

Delegates attending the workshop received a detailed insight into how the insurance industry views health and safety risk management within Northern Ireland.

For individual companies, the costs of injuries and ill health can also be significant. A number of “hidden” costs such as down time, lost contracts and finding replacement staff are not recoverable through a company’s employers liability insurance.

Mr Toner added: “The overall message of the workshops is a positive one, underlining the fact that businesses themselves can reduce the losses associated with injuries and ill health through the effective management of health and safety. Companies need to recognise that managing risk will save rather than cost money.”

HSENI’s Helpline Service provides an advisory service for customers who have queries over health and safety in the workplace.

(GMcG)