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    The Incident Cost Calculator: Business Costs

    Uploaded by

    Ahmed Amar
    The document is a cost calculator that allows a company to estimate the costs associated with a business incident. It includes categories to estimate costs related to immediate actions, investigations, getting back to business, and future safeguards. Users can input times and costs for specific examples under each category such as medical costs, lost productivity, equipment repairs, legal fees, and more to calculate a total cost for the incident.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The Incident Cost Calculator: Business Costs

    Uploaded by

    Ahmed Amar
    26 views1 page
    The document is a cost calculator that allows a company to estimate the costs associated with a business incident. It includes categories to estimate costs related to immediate actions, investigations, getting back to business, and future safeguards. Users can input times and costs for specific examples under each category such as medical costs, lost productivity, equipment repairs, legal fees, and more to calculate a total cost for the incident.

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    indg355f

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    The document is a cost calculator that allows a company to estimate the costs associated with a business incident. It includes categories to estimate costs related to immediate actions, investigations, getting back to business, and future safeguards. Users can input times and costs for specific examples under each category such as medical costs, lost productivity, equipment repairs, legal fees, and more to calculate a total cost for the incident.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26 views1 page

    The Incident Cost Calculator: Business Costs

    Uploaded by

    Ahmed Amar
    The document is a cost calculator that allows a company to estimate the costs associated with a business incident. It includes categories to estimate costs related to immediate actions, investigations, getting back to business, and future safeguards. Users can input times and costs for specific examples under each category such as medical costs, lost productivity, equipment repairs, legal fees, and more to calculate a total cost for the incident.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    The Incident Business costs

    Examples Time spent Cost (£)

    Cost Calculator
    Date and time of incident . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    Salary costs of injured person while off work . . . . . . . .
    Salary costs of replacement workers . . . . . . . . . . . . .
    Lost work time (people waiting to resume work, delays, reduced
    .

    productivity, effects on other people’s productivity etc) . . . . .


    Description of incident . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    Overtime costs . . . . . . . . . . . . . . . . . . . . . . . .
    Name of person involved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    Recruitment costs for new staff . . . . . . . . . . . . . . .

    Contract penalties . . . . . . . . . . . . . . . . . . . . . .

    Dealing with incident (immediate action) Cancelled and/or lost orders . . . . . . . . . . . . . . . . .

    Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    Examples Time spent Cost (£)
    First-aid treatment . . . . . . . . . . . . . . . . . . . . . .

    Taking injured person to hospital/home . . . . . . . . . . .


    Action to safeguard future business
    Making the area safe . . . . . . . . . . . . . . . . . . . . Examples Time spent Cost (£)
    Putting out fires . . . . . . . . . . . . . . . . . . . . . . . Reassuring customers . . . . . . . . . . . . . . . . . . . .

    Immediate staff downtime (eg work activity stopped) . . . . . Providing alternative sources of supply for customers . . . .

    Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Investigation of incident Sanctions and penalties


    Examples Time spent Cost (£) Examples Time spent Cost (£)
    Staff time to report and investigate incident . . . . . . . . . Compensation claim payments . . . . . . . . . . . . . . . .

    Meetings to discuss incident etc . . . . . . . . . . . . . . . Solicitor’s fees and legal expenses . . . . . . . . . . . . . .

    Time spent with HSE/local authority inspector . . . . . . . . Staff time dealing with legal cases . . . . . . . . . . . . . .

    Consultant’s fees to assist company in investigation . . . . . . Fines and costs imposed due to criminal proceedings . . . .

    Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Increase in insurance premiums . . . . . . . . . . . . . . . .

    Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Getting back to business


    Examples Time spent Cost (£)
    Other
    Assessing/rescheduling work activities . . . . . . . . . . . . Examples Time spent Cost (£)
    Recovering work/production (including staff costs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Cleaning up site and disposal of waste, equipment, products etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Bringing work up to standard (eg product reworking time/costs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Repairing any damage/faults . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

    Hiring or purchasing tools, equipment, plant, services etc . .


    Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total . . . . . . . . . . . . . . . . . . . . . . . . .

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