The cost of slip/fall related injuries well exceeds all other major causes including motor vehicles. Specifiers and operators may find severe cost penalties on insurance premiums or worse have cover withdrawn for slip fall related incidents.
Slip related injuries are estimated to cost Australia over $3 billion each year.
Even a relatively seemingly minor slip or fall can result in permanent serious injury or even death. Slips and falls are a major cause of injury and injury related deaths in the elderly.
Facility owners and operators may be hit with drastic increases in premiums where multiple slips and falls occur in a short period of time.
Professional Indemnity Insurance may be withdrawn by insurers. Some insurers advise they have a “second strike and you're out” policy to slip resistance issues.
Repairs/Rectifications usually costs between 3-5 times the original outlay when considering removal, disposal, replacement, loss of amenity etc.