Isn't the whole ISO business and industry standard practices put in place to prevent that and protect everyone: workers from getting injured on the job, bosses

Isn't the whole ISO business and industry standard practices put in place to prevent that and protect everyone: workers from getting injured on the job, bosses from having to pay enormous amount of money as compensation (the insurance will kick in if the company got his ISO and stuff right) and the insurance raking in money for forcing the workplace to be safer ? (I know reality isn't that rosy but that's the objective, right ?)