Costing an accident

From a safety perspective, you want to prevent harm to all people. From a business perspective, you want to minimise all forms of waste, harm and loss. All of these cost the business money and impact on profit. To be able to quantify this financial impact, you need to track incident costs. Lost time is only a rough indication of costs, but other costs can be even more significant. For example, what was the lost production during that time?

 

Initially it is a good idea to cost all incidents. Once you have an indication of the types of incidents that cost the most, then concentrate on these.

 

To cost an accident:

 

  1. If the incident record is not already open, click the Incidents icon on the toolbar. The Browse Accidents and Incidents screen opens. Select the incident or accident and click Change. The Change an Accident/Incident Record screen opens.

  1. Select the Costs/Lost time tab and click Press to Select a Costing Template. The Select Incident Cost Template screen opens.

  2. Select the template you want to use and click Select. The template will be copied to the new costing record.

  3. Click the Expand button to expand the cost categories of the template and view the cost types in each category.

  4. If required, add a cost type by selecting a cost category (in red) and clicking Add. The Cost Type Will Be Added screen opens. Enter the cost type details and click OK.

  5. Select a cost type (in blue) that you want to add a cost item under and click Add. The Cost Item Will Be Added screen opens.

  6. In the Cost Item Will Be Added screen, enter the details of the cost item and click .

  7. Repeat steps 5 and 6 to add further items.

  8. Click OK to exit or select another tab to add further information about the incident or accident.

 

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