Safety Budget Template

Safety Budget Template

This safety budget template:

  • Can assist you plan for the safety needs and costs of a project and help you track and manage project safety expenses.
  • Can ensure that safety considerations are adequately addressed, preventing accidents, complying with regulations and fostering a safe work environment.


About this Safety Budget Template

This safety budget template Excel spreadsheet identifies some of the typical safety expenditures of a project and can be used to assist you calculate safety expenses.

By using this safety budget template, you can stay on top of your project safety costs. The safety budget template can also help you monitor any variations between actual and budgeted amounts.

The Importance of Having a Project Safety Budget

A safety budget is an important part of any organization’s financial planning when undertaking a project. It ensures that the company has the resources necessary to protect its employees, customers, and property etc. It ensures that the company has the resources necessary to protect its employees, customers, and property.

Accidents and injuries can cost your company a lot of money in medical bills, workers’ compensation claims, and lost productivity, so it’s always best to be prepared.

Typical Project Safety Related Items

There are many factors to consider when creating an investment in a health, safety and environment budget. The first is to identify the risks that the project will face. Once the risks have been identified, the organization can then determine what is needed.

Safety Budget

Some typical HSE budget related items may include:

  • Remuneration costs for safety managers and staff.
  • General health and safety programs.
  • Staff travel and vehicles.
  • Accommodation.
  • Communication devices.
  • Signage and noticeboards.
  • Safety materials.
  • Promotional materials.
  • Two-way radios
  • Personal protection equipment to prevent workplace injury.
  • Hard hats and safety boots.
  • Eye and hearing protection.
  • Gloves, masks and harnesses.
  • Uniforms and body protection.
  • Fire protection, extinguishers and fire blankets.
  • Emergency alarm, siren, whistle etc.
  • Emergency lighting.
  • Environmental management items.
  • Wastewater treatment.
  • Hazardous waste removal.
  • Solid waste removal.
  • Spill kits.
  • Environmental monitoring equipment.
  • Gas detector/monitor.
  • Air monitor.
  • pH meter.
  • Water monitoring kit.
  • Office furniture.
  • First aid kits and stretcher.
  • Defibrillator
  • Eye wash stations and showers.
  • Refilling and replacement of PPE
  • Social responsibility expenses.
  • Overheads and contingencies

Efficient planning and the ongoing management of project safety expenses will help you make the best strategic decisions and provide visibility into any overspending, so you can maintain the financial health of your project.

Budget Forecasting Tips

Safety has a direct association with precautions for a mishap, which may or may not occur. If it does occur then the outcome for the entire project can be a loss, which is bad and this is something you need to be mindful of when setting your budget.

If you are budgeting for a project, then analyzing and referring to previous data where incidents have occurred can be a good starting point. Also consulting with people who have been in a similar position can be an advantage.

Why Become a Member of Redcat Safety and Download this Safety Budget Template?

By allocating a specific budget for safety, a business, company or department can demonstrate a commitment to prioritizing the well-being of their employees and stakeholders.

After downloading this safety budget template you will be able to:

  • Very easily edit and customize the template to create your own HSE budget template.
  • Apply your own style, format and brand to the health and safety budget template.
  • Use it in any industry or sector regardless of size or type of organization.

Availability and Use of this Safety Budget Template

  • This budget template is accessible to you right now by clicking the ‘Become a Member Now’ button.
  • The template will be delivered to you in fully editable Microsoft Excel format for immediate and full use in your business.
  • There are no membership auto-renewals, contracts or ongoing costs.

Safety Budget Guarantee

If you can find HSEQ resources that are of better value than what your Redcat Safety Membership offers, we will REFUND YOU double the cost of your membership.


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