Reducing cost of accident, Biology

Assignment Help:

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.


Related Discussions:- Reducing cost of accident

Active transport during membranes, Q Which are the molecules that make poss...

Q Which are the molecules that make possible active transport during membranes? Active transport is prepared by specific membrane proteins. These proteins are known as "pumps"

Cytokinesis, Cytokinesis It is defined  as the division or cleavage  of...

Cytokinesis It is defined  as the division or cleavage  of cytoplasmic  part   of the cells  into  two  daughter  cells. It is first  indicated   during  late  anaphase  by app

Explain gum tragacanth, Gum Tragacanth  Gum tragacanth, the exudation o...

Gum Tragacanth  Gum tragacanth, the exudation of Astragalus species, is defined as the "dried gummy exudate" obtained from Astragalus gummifer Labillardiere. Gum tragacanth is

Signs and symptoms of emphysema, Pathophysiology Distension and damage...

Pathophysiology Distension and damage of the respiratory bronchioles selectively occur. Opening develops in the walls of the bronchioles. and they become enlarged and conf

Pathophysiology and assessment of purpura, Pathophysiolog y   Normal...

Pathophysiolog y   Normally the platelets are formed from megakaryocytes (stem cells) in the.  bone marrow. These cells mature, fragment and are released in  the blood strea

Acute aortic regurgitation-types of regurgitation, Acute Aortic Regurgitati...

Acute Aortic Regurgitation :  The most dramatic presentation occurs in dissection of the aortic root. Endocarditis of the native or prosthetic aortic valve may also lead to a

Species concept, SPECIE S CONCEPT - According to Davis and Heywood...

SPECIE S CONCEPT - According to Davis and Heywood species define as assemblage of individuals with morphological features in common and separable from other such assembla

How d-glucose differs from d-galactose, D-glucose differs from D-galactose ...

D-glucose differs from D-galactose only in the arrangement around carbon 4. Therefore D-glucose and D-galactose are- Select one: a. enantiomers b. epimers c. mirror ima

Explain adverse effects of acyclovir, Adverse Effects of Acyclovir By ...

Adverse Effects of Acyclovir By any route of administration, acyclovir is generally well tolerated. Gastrointestinal (GI) disturbances and headache can occur. Given IV, the dr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd