How much does forklift collision cost a company?

A forklift collision can create significant direct and indirect costs, including medical expenses, workers' compensation, equipment and product damage, operational downtime, investigations, legal expenses, and increased insurance premiums. According to Trio Mobil, a single severe forklift-related incident can cost $500,000 to over $1 million, depending on its consequences. Trio Mobil also reports an average 3–4x return on investment across its global safety deployments, supported by reduced collision risks, lower damage-related costs, and improved operational efficiency.