Monetary Cost of Accidents

Description

The costs an organisation is exposed to when an accident results from an inadequate/inadequatey managed health and safety management system
kanu.sylvia
Mind Map by kanu.sylvia, updated more than 1 year ago
kanu.sylvia
Created by kanu.sylvia over 9 years ago
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Resource summary

Monetary Cost of Accidents
  1. Insured costs
    1. Costs covered within a commercial/company insurance policy
      1. Inury
        1. ill health
          1. damage
        2. Uninsured costs
          1. 10 times insurance premiums paid
            1. legal costs
              1. investigation costs
                1. spcialist advice
              2. loss of contracts
                1. injured time off or witness time off
                2. production down time
                  1. time with emergency services
                    1. time with investigating authorities such as hse inspectors or police
                    2. Public relation costs
                      1. advertisements in local paper or web
                        1. damages business reputation
                        2. damage to equpment
                          1. higher insurance premiums
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