Risk of Incident Calculator

Number of Incidents

The total number of safety incidents reported within a specified time frame

Medical Expenses per Incident

The average cost of medical treatments required per safety incident

Lost Work Hours per Incident

The average number of work hours missed by an employee due to a safety incident

Average Hourly Wage

The average hourly wage of the affected employees. This helps quantify the cost of lost productivity

Insurance Premium Increase

The estimated increase in insurance premiums due to reported incidents. This could be an absolute value or a percentage increase

Legal Fees and Settlements

The estimated costs of legal fees, fines, and potential settlements related to the safety incidents

Total Cost of Safety Incidents

The cumulative financial impact of safety incidents, combining medical expenses, lost productivity, increased insurance premiums, and legal fees

Average Cost per Safety Incident

The average financial impact of each safety incident