•  
  •  

Estimating the Cost of Accidents

One of the direct benefits of creating and maintaining a safety program for your organization is to not only reduce the loss of life and injuries, but to also increase your profit margins. Studies have proven that if employees are well-trained in safety, they work more efficiently. This increases productivity in addition to keeping your liability costs low. To estimate the impact of accidents on your organization’s profit and sales, fill out the interactive form below.

1Direct Cost

To calculate the direct cost, enter the total value of the insurance claim for any accident (consists of medical costs and indemnity payments).

$ Note: DO NOT ADD COMMAS.

Press ‘Calculate’ to determine your
Indirect Cost and Total Cost of Accident

Indirect Cost and Total Cost of Accident

Direct Cost
$

x
Cost Multiplier*

=
Indirect Cost
$

Direct Cost
$

+
Indirect Cost

=
Total Cost of Accident
$

* – the Cost Multiplier is determined by the Direct Cost. The lower the direct cost, the higher the multiplier.

2Profit Margin

To calculate your profit margin, enter your company’s Total Profits and Total Sales.

Total Profits
$

Note: DO NOT ADD COMMAS.

Total Sales
$
Press ‘Calculate’ to determine your Profit Margin and Sales Required to Pay for Accident

Profit Margin and Sales Required to Pay for Accident

Total Profits $


Total Sales $

=

Profit margin
Total Cost of Accident $


Profit Margin $

=

Sales Required to Pay for Accident
$