7 Proven Cost Estimation Methods for Smarter Safety Decisions
01/18/2026
In an era of escalating workplace risks and costs, exceeding $50 billion annually in direct injury expenses alone (Liberty Mutual 2025), proactive safety investments deliver strong returns, often 24%+ ROI while slashing incident rates up to 74%. This updated 2026 guide explores Return on Safety Investment (ROSI), explaining how to calculate it by comparing hazard prevention costs against potential incident losses. Featuring seven proven cost estimation methods (from approximate "horseback" guesses to detailed vendor quotes), a real-world example showing 1,150% ROSI, and practical tips, it highlights how Simple Safety Coach's Safety Observations feature makes quantifying safety value effortless for compliance-focused teams.
