Slips, trips and falls account for an estimated 12-15% of workers compensation claims. In addition, these incidents cost employers’ tens of billions of dollars per year from regulatory fines, productivity losses, and other administrative expenses. Making sure that you have the correct safety equipment and protocols in place will save you from legal liabilities and costly fines. After all, the average slip in the workplace costs around $20,000 to pay out and $50,000 to defend the claim.