Cost of Accidents

£
Why Prevent Accidents

• Humanitarian / Moral reasons

• Economic Reasons
• Legal Requirement
Cost of Accidents 09/17/21 © Woodland Grange
 Cost of Accidents
£
Moral
• Pain
• Suffering
• Loss of Ability
• Family and social effects

Cost of Accidents 2 09/17/21 © Woodland Grange

 Cost of Accidents
£
UNIPART - FLT DRIVER DEATH
• 25 year old Steven Richards, a temporary worker at Unipart, Coventry
lost control of a truck he was driving down a slope to a basement area.

• The truck overturned and he was crushed to death.Mr Richards had not
been trained to drive fork-lift trucks.

• Other temporary workers in giving evidence said it was common practice

for unauthorised temp’s to drive trucks.

• Unipart were convicted under the HSW Act

• Civil Claim settled out of Court

• Oct 1992

Cost of Accidents 3 09/17/21 © Woodland Grange

 Cost of Accidents
£
Economic
Insurance costs
• Business interruptions
• Damaged plant
£1
• Damaged products
• Lost time
• Loss of skills
• Retraining £8 - £36
• Investigation & Medical
• Insurance
Uninsured costs
Cost of Accidents 4 09/17/21 © Woodland Grange
 Cost of Accidents
£ Reach Truck Hit Racking - Nth Ireland Accident
Oct.2006

Cost of Accidents 5 09/17/21 © Woodland Grange

 Cost of Accidents
£
Legal

• Fines
• Compensation
• Reputation

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 Cost of Accidents
£

Loss of Existing
Contract
Difficulty Future
Recruiting Contracts

Reputation?
Continued HSE Securing
Monitoring Investment

How do the moral, financial and legal

consequences affect reputation?
Cost of Accidents 7 09/17/21 © Woodland Grange