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
Name the Foods to avoid  in soft diet include: Fried foods and nuts, rich pastries and desserts, Raw  vegetables, Heavily spiced foods, Gas-forming vegetables, S

Alimitation of five kingdom classification sk question #Minimum 100 words accepted#

Explain what is Inversion ? Inversion is another way in which genetic recombination can occur, as seen below. In this case, the change occurs within a chromosome, rather than b

(a) Anti-malarial drugs kill the parasites in the blood but they do not cure the disease.Why is this? (b) Why was the use of DDT insecticide not successful in eradicating mal

when the father and the mother of a newborn baby possesses blood group ''O'' +ve,is it possible that the baby can have a blood group ''A'' +ve or ''B''+ve ? Conventionally it shoul

The component is DNA. The stock concentration is 10mg/ml and the final concentration/amount is 25ug. What is the volume for 1 reaction? For 5 reactions?

Q. Describe False Negaive Tests? When patients are found to have significant coronary narrowing and fail to have exercise induced ST depression, they have been labeled false ne

what is the meaning of heterotropic mode of nutrition. with examples.