It’s a fact, OSHA’s fines will increase 78 percent to account for inflation since 1990.
As part of the Bipartisan Budget Act of 2015, OSHA will increase its penalties for the first time in over 25 years. Although financial penalties are meant to be increased regularly to encourage compliance with OSHA regulations, OSHA’s current penalties have not increased along with inflation.
If you have questions or concerns about how you can lower your risks to avoid OSHA fines and penalties, call the FBinsure office nearest you to speak to one of our Risk Advisors.
© 2016 Zywave, Inc. This publication is for informational purposes only. It is not intended to be exhaustive nor should any discussion or opinions be construed as compliance or legal advice.