why accidents are expensive in any organisation?
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Explanation:
- Direct costs are usually the cost of insurance increases that you might experience as a result of that accident such as a rate increase due to increased accident frequency or severity and any out-of-pocket costs you have associated with damages, such as a direct payment to a third party or your deductible
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Answer:
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Explanation:
To gain a proper perspective on the economics of workplace accidents, we must view them in the context of all accidents. The overall cost of accidents in the United States is approximately $800 billion annually. This includes lost wages, medical expenses, insurance administration, fire related losses, property damage, and indirect costs.
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