Accident Investigation
SBS provide an impartial and thorough accident investigation service
- HSE guidance recommends that all accidents be investigated as a way of avoiding recurrence.
- Accident investigation is a useful aid to prevention and may even help to save you money in the long term.
The Hidden Costs
Many business owners think that their Insurance will take care of all the costs if there is an accident. - Accident costs are like an iceberg, the costs you see are only the tip of the problem!
- Check your Insurance cover - the small print - or just look at the media - how many companies wish they had.
- New legislation - tighter tender requirments - Just to survive in business - And what about your costs?
- For example controlling the accident site, investigation time, replacment of both equipment & human cost.
- Many forget about product & materials damage, production delays, loss of experience & expertise, prestige damage
- And of course there's the inevitable paperwork along with all the nightmares of having to explain "How did it happen".
- There are the legal fees for defending a prosecution and the payment of the fines imposed if you are found guilty.
- No insurer can pay a fine for you, it is personal to you and you will have to pay!
The biggest cost may be the damage to your reputation!
How will stakeholders judge your company by facts or myths
- Research shows that for every accident leading to serious injury there are approximately 10 minor injuries.
- For every £1.00 that you can recover by insurance there is between £8.00 and £36.00 of unrecoverable cost.
Good Business Practice
- It is good business practice to avoid wasting valuable human and financial resources that result from every accident.
- Treating the root cause and not the symptoms of failure is the key to any good business.
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