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Average cost of an accident.
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#1 Posted : 02 April 2002 10:29:00(UTC)
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Posted By Brian Hi! I'm after an average total cost for an accident in a low risk, service industry environment. Anyone got any ideas? Thanks Brian
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#2 Posted : 02 April 2002 12:55:00(UTC)
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Posted By Nick Higginson Brian, See HS(G)96 - The Cost of Accidents. Regards, Nick
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#3 Posted : 02 April 2002 14:42:00(UTC)
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Posted By Peter Rees Brian, I use the following:- Each accident loses a total of 2 man-days (sorry - not very PC) due to resulting illness/injury; subsequent investigations and follow-up actions. The cost of each lost day = SSP + average daily wage of an operator (as he/she requires to be replaced to enable production to continue). If a RIDDOR reportable occurs, then the number of days lost is amended accordingly. I appreciate that this does not include all costs, but it is about as simple as I can get it, with it being about as realistic as possible. Pete
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