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... x No Thanks Loading.. Safety: Key To The Construction Industry'S Future 4/30/2013 by CompleteMarkets Editor , Janine Reid This content has not been rated yet. SAFETY: KEY TO THE CONSTRUCTION INDUSTRY'S FUTURE by Janine Reid Anyone who works in the construction industry knows that it's an inherently dangerous business. Janine Reid examines why construction ranks among such industries as mining, quarrying, and agriculture as one of the nation's most dangerous occupations. &# 160 According to the U.S. Bureau of Labor Statistics, construction was responsible for 1,264 deaths in 2001. This figure represented nearly one-fifth of all workplace fatalities in the country, despite the fact that construction employed only 6.6% of the work force There's a growing acknowledgement that the industry's safety ranking must change for construction to thrive in the coming decades. From a bottom-line perspective, safety is good business, saving life and limb as well as money. Ensuring a safe workforce will also help the industry to attract and retain the workers that it so desperately needs to meet current and future demand. Accidents are an expensive business. When a company has an accident, it typically turns to its insurers to pick up the losses, much of which cannot be recovered. An accident increases the company's General Liability and Workers Compensation premiums, as well as expenses for lawyers and other personnel brought in to investigate the mishap. Other costs include reduced productivity and diminished morale resulting from the incident, disruption of project work schedules, and other fees such as OSHA fines. What's more, a company that suffers an accident often comes under media ...