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

Homologous structures, Homologous structures are the body parts in differe...

Homologous structures are the body parts in different organisms which have similar bones and similar arrangements of the blood vessels, muscles, and nerves and go through similar

Aminoacyl-trna binding, In this 1st step, the corresponding  aminoacyl-tRN...

In this 1st step, the corresponding  aminoacyl-tRNA for  the  second  codon  binds  to  the  A  site  by  codon-anticodon interaction.  Binding  of  the  aminoacyl-tRNA needs  elon

Define the guidelines for calculating ideal body weight, Define the Guideli...

Define the Guidelines for Calculating Ideal Body Weight? What is the ideal body weight for me? Am I obese? Am I underweight? These are the questions that must have come to your

Explain hyperglycaemic, Hyperglycaemic:- In the fasting state, glucose ...

Hyperglycaemic:- In the fasting state, glucose release from the liver increases due to the action of glucagon and in the muscle by epinephrine. Glucagon  also  enhances glucone

Clotting disorder - haemophilia, Clotting Disorder - Haemophilia Haemo...

Clotting Disorder - Haemophilia Haemophilia  is a congenital  blood clotting  disorder caused by the genetic lack/ deficiency of  coagulation factor VIII or antihaemophiliac

Define the bacillus cereus, Define the Bacillus cereus Bacillus cereus ...

Define the Bacillus cereus Bacillus cereus is not a common cause of food poisoning. It is a Gram positive, aerobic, spore forming rod shaped bacteria normally present in soil,

What is resistant starch, What is Resistant Starch? Well, RS is defined...

What is Resistant Starch? Well, RS is defined as the starch, which escapes enzymatic hydrolysis in the small intestine and passes to the colon where it is fermented by colonic

What is the function of the antidiuretic hormone, Q. What is the function o...

Q. What is the function of the antidiuretic hormone? Where it made and which is the stimuli that increase or reduce its secretion? The antidiuretic hormone is secreted by the h

Calculate temperature for survival & growth of microorganism, Calculate Tem...

Calculate Temperature for Survival and Growth of Microorganisms? Survival and growth of microorganisms is also affected by the temperature. According to their temperature requi

Find out surface area, If given this in this sequence to find surface area,...

If given this in this sequence to find surface area, 1 cm x 2 cm x 2 cm block, am I to assume it is written in LxWxH format? I actually think the length is 2 though and the width i

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