Why is it important for businesses to comply with health and safety regulations?

Compliance with health and safety regulations is crucial for businesses primarily because it ensures the safety and well-being of workers. When businesses adhere to these regulations, they create a safer work environment, which can lead to fewer accidents and injuries. This focus on safety not only protects employees but also fosters a positive workplace culture where workers feel valued and secure.

Moreover, ensuring workers’ safety can lead to increased productivity, as employees are less likely to miss work due to injury or illness. It can also help businesses avoid legal liabilities and potential fines that may arise from non-compliance. Additionally, by demonstrating a commitment to health and safety, a business can enhance its reputation, which can be beneficial in attracting and retaining talent.

The other options do not encapsulate the primary purpose of health and safety regulations. Limiting product variety and focusing solely on profit do not address the critical necessity of ensuring a safe workplace, while reducing market competition is unrelated to the principles of health and safety compliance.