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Cost of injuries

Several years ago the National Safety Council of Australia developed this audit of the direct and indirect costs of work-related accidents. 
From National Safety Council of Australia. Note that a similar audit could be carried out for an environmental incident. 

The auditing of accident cost
Insured cost
Injuries Property damage
  • Compensation for lost earnings
  • Medical and hospital costs
  •  Awards for permanent disability
  • Rehabilitation costs
  • Funeral charges
  •  Pensions for dependants
Insurance premiums or charges for:
  • Fire· Loss and damage
  •  Use and occupancy
  •  Public and liability

Uninsured costs

Injuries Associated costs
  • First aid expenses
  • Transportation costs
  • Cost of investigation
  • Cost of processing reports

Wage losses

  • Idle time of workers whose work is interrupted
  • Person hours spent in cleaning up accident area
  •  Time spent repairing damaged equipment
  • Time lost be workers receiving first aid
  • Difference between losses and what is recovered
  • Rental of equipment to replace damaged equipment
  • Surplus workers for replacement of injured workers
  •  Wages or other benefits paid to disabled worker
  •  Overhead costs while production is stopped
  •  Loss of bonus or forfeiture of payment for delays
Production losses
  • Product spoiled by accident
  • Loss of skill and experience
  • Lower production by replacement worker
  • Idle machine time
Off the job accidents
  • Cost of medical services
  • Time spent on injured workers' welfare
  • Loss of skill and experience· Training replacement worker
  • Decreased productivity of replacement worker
  • Benefits paid to injured worker or dependants

Intangibles

  • Lowered employee morale
  • Increased labour costs
  • Unfavourable public relations
  • Loss of goodwill

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HTTP/1.1 404 Object Not Found Server: Microsoft-IIS/5.0 Date: Sat, 22 Nov 2008 00:29:12 GMT X-Powered-By: ASP.NET Connection: close Content-Type: text/html

404 Object Not Found

HTTP/1.1 404 Object Not Found Server: Microsoft-IIS/5.0 Date: Sat, 22 Nov 2008 00:29:12 GMT X-Powered-By: ASP.NET Connection: close Content-Type: text/html

404 Object Not Found