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Safety is a key enterprise idea that’s outlined by Merriam-Webster as the situation of being secure from present process or inflicting damage, harm, or loss”. 21 Accidents price businesses billions of dollars yearly. 22 Research have shown how firm acceptance and implementation of comprehensive safety and well being administration systems reduces incidents, insurance coverage costs and workers’ compensation claims. 23 New technologies, like wearable security gadgets 24 and out there online safety training, continue to be developed to encourage employers to put money into safety past the ” canary within the coalmine ” and cut back the price to businesses of defending their workers.
Some specialized companies can also require licenses, either resulting from laws governing entry into sure trades, occupations or professions, that require special education or to boost income for native governments. Professions that require particular licenses embody regulation, medication, piloting plane, promoting liquor, radio broadcasting, promoting investment securities, selling used vehicles, and roofing. Native jurisdictions may additionally require special licenses and taxes just to function a enterprise.
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