Rank: New forum user
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Is there a method to calculate the cost of accident/s which
could be compared with “Workers’ Compensation” method used in the US?
The idea is to define a KPI which can be used to highlight and understand the trend of an organization regarding cost of accidents on a
monthly and annual base.
Regards,
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Rank: Super forum user
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Are you talking hypothetical numbers or actual costs which apply solely to your organisation ?
If it's the latter, speak to your insurers and ask for a copy of your Claims Experience / History for the reference period you require. This will tell you exactly how much accidents have cost in terms of compensation paid over a given period.
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 1 user thanked Elfin Davy 09 for this useful post.
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Rank: Super forum user
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Under the Workplace Compensation Schemes used in the States the amount paid out is fixed for each in injury and it is capped by law. In the UK it is decided on a case by case basis and most are agreed out of court and so the actual levels off compensation are not published, so trying to establish a general cost of accidents is not really easy.
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 1 user thanked A Kurdziel for this useful post.
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Rank: Forum user
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I seem to remember the HSE provided a calculator to estimate the costs of injury accidents. So I searched and found this
http://www.hse.gov.uk/economics/index.htm
You may find what you need in their website.
Edited by user 08 January 2019 11:59:29(UTC)
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 1 user thanked Granlund40055 for this useful post.
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Rank: Forum user
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In the UK there are several Insurance companies that do their own book of quantum. This gives you all the injuries and what the usual award will be. The ROI do a very good one that can be downloaded and the values are in line with the UK. The Quantum books do not cover Loss of earnings or "smith and manachester" awards which are basically loss of future earnings,.
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 1 user thanked Oldroyd19659 for this useful post.
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Rank: New forum user
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Originally Posted by: Granlund40055  I seem to remember the HSE provided a calculator to estimate the costs of injury accidents. So I searched and found this
http://www.hse.gov.uk/economics/index.htm
You may find what you need in their website.
[Thanks for the link, but i belive it helps more with UK based organizations, i'm looking for a method which could be used in Germany]
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Rank: New forum user
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Originally Posted by: Oldroyd19659  In the UK there are several Insurance companies that do their own book of quantum. This gives you all the injuries and what the usual award will be. The ROI do a very good one that can be downloaded and the values are in line with the UK. The Quantum books do not cover Loss of earnings or "smith and manachester" awards which are basically loss of future earnings,. [/Sorry, but what is the ROI?]
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Rank: Super forum user
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The Irish Republic (Republic of Ireland)
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