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Friday, May 24, 2024


In various organizational loss control management audits we performed over the years when evaluating accident and incident investigation and analysis records... in many instances we noticed a lack of documentation of management understanding, quantifying, and accounting for the indirect loss costs of an injury or property damage accident or incident. Example: When it comes to a Workers' Compensation (WC) Injury, your WC insurance carrier will pay the cost of the employee injury and their time away from work (of course you will too, as a business at some point in your future premiums as well... However, who is paying for the rest of the Indirect Loss Costs associated with that loss? Let's take a look at some of those Indirect Loss Cost items that are not usually quantified, listed, or calculated on the accident or any other property damage incident report. One important area I didn't list for various reasons but must be thought about because of its costly consequences, is third party liability. 

                        Nick Brignola 1-484-239-4436                                   Virtual or on site Consulting 


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