A luncheon speaker stated, “most firms have a strong financial incentive to reduce occupational injuries because the indirect costs of workplace accidents can exceed the employers’ direct costs. Risk management can be especially useful in this regard.”

a. Describe the direct costs of job-related accidents and occupational disease to employers.

b. Describe the indirect costs of job-related accidents and occupational disease to employers.

c. Explain several risk-management measures that employers can use to reduce the frequency and severity of workplace accidents and disease.