Thanks guys,
Yes I know that there are direct and indirect costs of an accident. I have seen several some studies about this. They vary widely, the range of indirects costs is from 4 times to 50 times the direct cost. However I think that the indirect costs would be a larger percentage for a smaller injury, say one that only costs $200. Most of our accidents are in this range (knock on wood).
I have to give a presentation to the president of a company that we opened up in Korea. Their views on safety are, shall we say softer than ours. I want to show, in writing, a detailed study that shows the indirects costs and what they are. Then show that to make up for a $200 accident you will need around $10,000 in additional sales to make up for that accident. These numbers are made up and off the top of my head. This is one way to "sell" safety to management. Fortunately I don't have to do this with our management.
I thought that Bryan might have some good information.
Scott
