Fines issued in relation to health and safety breaches have seen a 148% increase in the past year according to law firm BLM.
The average cost of payouts has risen threefold from £69,500 in 2015 to a staggering £211,000 over the last 12 months. Its estimated that UK companies were forced to cough up a total of around £6.1m in 2016, for failing to comply with corporate safety legislation.
Industries that are the worst offenders unsurprisingly include Construction, which racked up £14m in fines, followed by Manufacturing with £12m. Utilities came in third at £8.4m, with Leisure (£7.4m), Logistics and Transport (£7.2m), Industrials (£3.9m) and finally the Public Sector which received fines totaling £2.6m.
Experts have suggested tougher guidelines introduced recently as part of the Corporate Manslaughter and Corporate Homicide Act (2007), have been a major contributor in the rise, as the number of incidents has in fact fallen from 358 in 2015 to 292 the previous year.
Under the new ruling, courts must consider a number of factors including overall culpability