Hiya - I used to have a document - its was either from the Norwich Union or the HSE where it estimated that a minor accident costs a company £50 and an reportable were £500. To save me trawling about does anyone recall this or have an updated figures available - your assistance is much appreciated.

I seem to remember the report from HSE. I think it was titled "Hidden Costs of Accidents". Through research, study they concluded that the real cost of an accident was actually 8 x the up front costs. These were made up from a variety of areas such as lost production, accident investigation time, recruitment/replacement of staff, increased insurance costs etc. Unfortunately the costs are different dependent on your business but you can work out a rough estimate of costs.

There is significant amount of informationbased on research on the HSE website, but a good place to start is its leaflet on "The real costs of Accidents and Ill Health at Work" :-


http://www.hse.gov.uk/pubns/indg355.pdf

See also

http://www.hse.gov.uk/ec...search/injuryill0506.pdf

http://www.hse.gov.uk/statistics/pdf/costs.pdf