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Explanation of Calculator |
 The
direct costs of an injury are the easiest to see and understand. These costs
include emergency room and doctor visits, medical bills, medicines, and rehabilitation.
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 Indirect
costs of an injury are often overlooked. These cost can amount up to 4 times
the direct cost of the injury. Indirect costs include administrative time
dealing with the injury and medical care, raises in insurance costs, replacing the
hours lost of the injured employee with hiring another employee, loss of reputation
and confidence in employees and clients, unwanted media attention, and more.
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 The
total costs of an injury are suprising. Beyond the direct costs, the indirect
costs greatly increase the overall costs. This is the true amount that the
injury will cost in terms of money.
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 The
profit margin of a business determines the revenue required to offset losses from
an injury. Even with high profit margins, noone wants to see their hard work
wasted paying for preventable injuries.
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 This
is the cost that a business will incur from an injury. In order to pay for
the costs of the initial injury and indirect costs, a business must make a profit
on revenue to recover those costs.
The cost of one typical injury is far more expensive than the salary of a safety
professional or upgrading an existing safety program. Safety is a smart business
decision that companies must embrace to be competitive in today's market place.
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