In this article we estimate the Value of a Statistical Life and the Value of a Statistical Injury for Chilean workers using a combination of data from the Chilean National Socio-Economic Survey that provides workers characteristics and the Annually Statistics from the Chilean Safety Association that provides labor risk data, both for the year 2006. we estimated a hedonic log-wage equation taking into account selection bias and endogeneity. The estimated Value of a Statistical Life is US$3,683,471, which increases five times after correcting by endogeneity (US$19,582,842).