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1836118
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
Mind Map by
kanu.sylvia
, updated more than 1 year ago
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Created by
kanu.sylvia
over 9 years ago
15
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Resource summary
Monetary Cost of Accidents
Insured costs
Costs covered within a commercial/company insurance policy
Inury
ill health
damage
Uninsured costs
10 times insurance premiums paid
legal costs
investigation costs
spcialist advice
loss of contracts
injured time off or witness time off
production down time
time with emergency services
time with investigating authorities such as hse inspectors or police
Public relation costs
advertisements in local paper or web
damages business reputation
damage to equpment
higher insurance premiums
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