Reducing cost of accident, Biology

Reducing Cost of Accident

One clear way to control the cost of accident would be to follow all the rules of book for safety. All the methods of safety which were described earlier have to be implemented so that cost of accident is controlled. Though, the most important cost to be paid, albiet not the highest, is compensation whose value depends on type of accident, The payment of compensation is generally done according to rules of government, decided by court or Tribunals. The cost is reduced very much if the employer pays compensation promptly after negotiating with the injured worker. The employers generally have workers compensation insured but some large industries have internal insurance system also. Several insurance companies after excellent safety engineering or loss control services to their policy holders.

These services assist the employees in improving workplace safety. It has been pointed out earlier that big proportion of cost of accident goes for other expenses and not to the victim of the accident. The uninsured costs involve the time wasted by supervisors and other employees, the cost of damaged product or equipment, downtime in production, cost of first aid, cost of trading the replacement and so on. A good loss control effort should include the employer and insurance company. The representatives from the insurance company can serve as watch dogs on the company's programmes of safety and form suggestion of improvement. The insurance companies also provide advice in efficient claim handling that controls cost of compensation. The services are rendered through insurance company are implicit in their stake in payment of accident compensation and therefore they are always ready to help insured employer.

Posted Date: 1/28/2013 7:26:16 AM | Location : United States







Related Discussions:- Reducing cost of accident, Assignment Help, Ask Question on Reducing cost of accident, Get Answer, Expert's Help, Reducing cost of accident Discussions

Write discussion on Reducing cost of accident
Your posts are moderated
Related Questions
Q. What is Atomic constipation? This type is most common; often it is called the "lazy .bowel". There is a loss of muscle tone causing weak peristalsis, the causes are: a) L

Q. What are the allosteric enzymes? Allosteric enzymes are those that have in excess of one activation center and to which other substances, called allosteric regulators, bind.

Define Absorption, Storage and Elimination of niacin? Nicotinic acid and nicotinamide are rapidly absorbed from the intestine rather than the stomach. At low concentrations, a

What is the typical biological function of the connective tissues? How is this function associated to the main features of its cells? The typical function of the connective tis

Explain about the Probiotics? A mono or mixed culture of living organisms, which when ingested in certain amounts, has a positive impact on host health, beyond conventional nut

Define about the Paper Chromatography? Paper chromatography is a very useful technique for separating mixtures of metal ions, anions, amino acids, sugars, dyes, drugs, etc. The

in natural vegetative propagation which structure gives rise to new individuals?

Why Meat and Poultry are important for human body? Meat and poultry are rich sources of proteins of high biological value. They do not contain carbohydrates. All

Floral Initiation Activation is generally most marked in the central zone of the meristems. Most of the responses following inductive treatment have been recorded in differen

During mitotic anaphase is there separation of homologous chromosomes or separation of identical chromatids? In the anaphase of mitosis the identical chromatids separate and co