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

Meroblastic or partial cleavage, Meroblastic or partial cleavage The e...

Meroblastic or partial cleavage The egg does not divide totally because divisions are restricted to only a part of the egg where as the rest of the egg remains completely uncl

Chloroplast, Chloroplast In plants, chloroplasts are the essential o...

Chloroplast In plants, chloroplasts are the essential organelles for carrying out photosynthesis. Chloroplasts are found in all green plants. Chloroplast occurs mainly

Genomic blot, Genomic blot is the type of Southern blot particularly used ...

Genomic blot is the type of Southern blot particularly used to analyze the mixture of DNA fragments derived from total genomic DNA. Because the genomic DNA is quite complicated, w

What are the typical fauna of the deserts, What are the typical vegetation ...

What are the typical vegetation and the typical fauna of the deserts? The predominant fauna of desert ecosystems is produced by reptiles, as lizards and snakes, terrestrial art

Blood sampling , BLOOD SAMPLING : In blood sampling, the skin is deliberat...

BLOOD SAMPLING : In blood sampling, the skin is deliberately punctured in order to take a blood sample for analysis. If this is done carelessly, it is easy for microorganisms eith

Described microbiology of air, Q. Described Microbiology of Air? Ans. ...

Q. Described Microbiology of Air? Ans. You would realize that air, by nature, does not contain a natural flora of microorganisms. All that comes into air is by accident and i

Post operative anticoagulation, Post Operative Anticoagulation :  Thromboe...

Post Operative Anticoagulation :  Thromboembolism remains a serious complication after valve replacement. Lifelong anticoagulation is requised for all patients with a prosthetic v

Human impact on the phosphorus cycle, Human Impact on the Phosphorus Cycle ...

Human Impact on the Phosphorus Cycle Like other biogeochemical cycles, human activities have altered the phosphorus cycle. Human beings mine phosphate rocks and guano deposits

Cu ions released from copper, Cu ions released from copper - releasing Intr...

Cu ions released from copper - releasing Intra Uterine Devices (IUDs): 1. make uterus unsuitable for implantation 2. increase phagocytosis of sperms 3. suppress sperm moti

What are the limits of pest control, How could knowledge of a pest organism...

How could knowledge of a pest organism's tolerance limits be used in pest control? Pesticides could be developed that make those limits narrower, environmental conditions could

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