It pays to invest in safety*.

For any business, the cost of downtime is high, especially when the cost of personal injury is a possibility.

The Industrial Accident Prevention Association (IAPA) in Ontario, Canada reported that, "In 2007, the average lost time injury/illness in Ontario averaged $21,300.00*. When other company costs are factored in, the average cost to an organization rises to more than $85,200.00.

The US National Fire Prevention Association notes “ During the five-year period of 1994 through 1998, an estimated average of 16,900 reported industrial and manufacturing structure fires caused 18 civilian deaths, 556 civilian injuries, and $789.6 million in direct property damage per year.” 

The Business Industrial Network has calculated the cost of downtime for a range of industries.

We have used these averages to develop an ROI Calculator that allows you to calculate the return on investment of I-Gard's High Resistance Grounding System. It allows you to use either industry averages or substitute your own figures.

* NFPA 70 E section 130.2 FPN No.3 states  “Proven designs such as arc-resistant switchgear,…high-resistance grounding and current limitation….are techniques available to reduce the hazard of the system”.

CSA Z462 “Proven designs such as arc-resistant switchgear, remote racking (insertion or removal), remote opening and closing of switching devices, high-resistance grounding of low-voltage and 5 kV (nominal) systems, current limitation, and specification of a covered bus within equipment are techniques available to reduce the hazard of the system”.


CALCULATING YOUR ROI

Compare the investment in an I-Gard HRG System to the cost of plant downtime and personal injuries. Then add your Probability Factor to determine if the risk is worth the taking.