Calculator: What are
your
costs?
You can modify the values on this page to more closely match your accident.
Step 1 of 6: Incident Costs
Time (hrs)
Rate (/hr)
Costs
Time to provide first aid
$
$
Time for transportation to hospital/clinic/home
$
$
Lost productivity of all affected workers
Workers:
$
$
Employers:
$
$
Time to make area safe
$
$
Cost of first aid supplies and equipment used
$
Cost of ambulance or taxi
$
Other costs
$
Subtotal:
$
Step 2 of 6: Investigation Costs
Time (hrs)
Rate (/hr)
Costs
Investigate accident
$
$
Time spent to complete accident investigation report
$
$
Time to complete related paperwork for your company (e.g. company records or accident book, payroll records, company report forms, etc)
$
$
Time to complete related paperwork for WSIB & MOL (e.g. Form 7 - Employer's Report of Injury or Occupational Disease)
$
$
For serious accidents, time taken to report incident to WSIB & MOL and meet with WSIB & MOL officers which may include time to assist with a WSIB & MOL investigation
$
$
Follow-up meetings to discuss accident
Workers:
$
$
Employers:
$
$
Other costs
MOL Orders
1. Additional cost of complying with MOL orders - Administrative Procedures
2. Consultant Fees
3. Legal Fees
4. Fines
$
Subtotal:
$
Step 3 of 6: Damage Costs
Time (hrs)
Rate (/hr)
Costs
Time to assess damage
$
$
Time to repair or replace equipment
$
$
Time to coordinate repair work
$
$
Clean up time (includes coordination)
$
$
Cost of outside contractors and materials for clean-up
$
Costs to dispose of damaged equipment
$
Cost of replacement parts, equipment, or lost product (e.g. robbery, spoilage, miscellaneous damage, loss of truck load)
$
Other costs
MOL Orders
1. Additional cost of complying with MOL orders - Equipment/process modifications
$
Subtotal:
$
Step 4 of 6: Replacement Costs
Time (hrs)
Rate (/hr)
Costs
Time to hire or relocate replacement worker
$
$
Relocation or rescheduling of another worker
$
$
Trainer/Trainee time for new or relocated worker
$
$
Cost to hire a replacement worker
$
$
Other costs
$
Subtotal:
$
Step 5 of 6: Productivity Costs
Time (hrs)
Rate (/hr)
Costs
Lost productivity (work time) due to disruption (delays, waiting to resume, etc)
$
$
Time spent managing the injury claim
$
$
Reduced productivity of injured worker after they return to work
$
$
Other costs
$
Subtotal:
$
Step 6: Summary of Costs
Costs
Incident costs
$
Investigation costs
$
Damage costs
$
Replacement costs
$
Productivity costs
$
Total:
$
What does the total not include?
This calculator does not include the costs associated with increased WSIB premiums resulting from workplace injuries. And most importantly, it does not attempt to quantify the pain and suffering experienced by the injured worker, their families, their friends, and their co-workers.
Total cost of the accident:
$
Enter your average profit margin:
%
Enter your average sales or revenue per day:
$
Recovery Costs
% Margin
% Margin
% Margin
Gross sales required to recover accident cost
$
$
$
Number of working days to recover accident cost
days
days
days