Calculate Loss
Medical expenses, compensation, property damage, etc.
Typically 4x direct costs (Heinrich ratio)
About Loss Calculation
Workplace incidents result in both direct and indirect costs. Understanding the true cost of incidents helps justify safety investments.
Total Loss Formula
Total Loss = Direct Costs + Indirect Costs
Indirect Costs = Direct Costs × Multiplier
Direct Costs Include:
- Medical expenses
- Workers' compensation
- Property damage
- Legal fees
Indirect Costs Include:
- Lost productivity
- Training replacement workers
- Investigation time
- Administrative costs
- Reputation damage
- Employee morale impact