What are economic benefits of having safety standard and culture in an organisation?

You save on following losses :

Loss of contracts if you dont have them during tenders and RFPs, Losses on Medical Bills, Insurance Money, Loss of manhours in terms of absenteeism and sick leaves, Loss of reputation which translates into loss of business, Loss of morale in employees, Loss of people and then recruitment and training costs to hire new, Vehicle accidents  (repair and maintenance bills), cancellation or blockage of company licenses in some cases, etc.