Risk Management

The Cost of Accidents at Work

8% of the accidents studied were judged to have had the potential for more serious consequences. These included fatalities, multiple injuries or catastrophic loss. Only luck prevented these accidents from being more serious than they actually were.

Most accidents have the potential to cause both property damage and personal injury. Some injury accidents are unlikely to cause property damage. Some accidents, which cause property damage, have no potential to cause injury.

Even though the latter do not have the potential to cause harm, they will still cost your organisation money.

May 2007