Warren Buffett, who was recently named as the fourth wealthiest individual in the world, once said:
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
This is good advice that can be applied to many aspects of life, but it’s especially true when it comes to health and safety.
When an accident occurs there are of course measurable outlays: damage to equipment, loss of revenue and sick days caused by injuries. There are also intangible costs such as damage to reputation and/or loss of trust