SMEs that defy health and safety regulations could face a fine 142% higher than the yearly cost of complying with the measures, according to research.
Analysts at health and safety consultancy Arinite revealed the average health and safety breach fine during 2020 was £106,984, versus an average yearly cost of £44,214 for an SME to meet guidelines.
The total cost of fines distributed for health and safety breaches in 2020 amounted to £23,964,364, with construction, services and manufacturing industries seeing increased fines.
