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M.Galal  
#1 Posted : 08 January 2019 11:00:55(UTC)
Rank: New forum user
M.Galal


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,

Elfin Davy 09  
#2 Posted : 08 January 2019 11:19:47(UTC)
Rank: Super forum user
Elfin Davy 09

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.

thanks 1 user thanked Elfin Davy 09 for this useful post.
M.Galal on 08/01/2019(UTC)
A Kurdziel  
#3 Posted : 08 January 2019 11:42:24(UTC)
Rank: Super forum user
A Kurdziel

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.

thanks 1 user thanked A Kurdziel for this useful post.
M.Galal on 08/01/2019(UTC)
Granlund40055  
#4 Posted : 08 January 2019 11:51:37(UTC)
Rank: Forum user
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.

Edited by user 08 January 2019 11:59:29(UTC)  | Reason: Tryping error

thanks 1 user thanked Granlund40055 for this useful post.
M.Galal on 08/01/2019(UTC)
Oldroyd19659  
#5 Posted : 08 January 2019 11:54:40(UTC)
Rank: Forum user
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,. 

thanks 1 user thanked Oldroyd19659 for this useful post.
M.Galal on 08/01/2019(UTC)
M.Galal  
#6 Posted : 08 January 2019 16:18:17(UTC)
Rank: New forum user
M.Galal

Originally Posted by: Granlund40055 Go to Quoted Post

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]

M.Galal  
#7 Posted : 08 January 2019 16:22:09(UTC)
Rank: New forum user
M.Galal

Originally Posted by: Oldroyd19659 Go to Quoted Post

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?]

Elfin Davy 09  
#8 Posted : 08 January 2019 16:32:22(UTC)
Rank: Super forum user
Elfin Davy 09

The Irish Republic (Republic of Ireland)

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