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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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