Step 1:
|
Select Injury Type from the table below noting the Average
Direct Cost Multiplier
OR
Enter the total workers' compensation costs
|
Step 2:
|
Enter the Profit Margin
|
Step 3:
|
Enter the Number of Injuries
|
Step 4:
|
Calculate the Total Direct Cost by multiplying the Direct
Costs Multiplier by Number of Injuries. |
Step 5:
|
Calculate the Indirect Costs by multiplying the Total
Direct Cost by Indirect Cost Ratio. |
Step 6:
|
Calculate the Total Costs by adding the Direct Cost
to
Indirect Cost |
Step 7:
|
Calculate the Additional Sales (Indirect) needed by multiplying the Indirect Cost
by 100 divided by the Profit Margin.
|
Step 8:
|
Calculate the Additional Sales (Total) needed by multiplying the Total Cost
by 100 divided by the Profit Margin. |
Step 9:
|
Repeat the step to calculate other injuries on the worksheet. |
Step 10:
|
Calculate the sum of Total Costs by adding all Injury Type
Total Direct Costs. |
Worksheet |
|
Enter Injury Type
#1 |
Enter Injury Type
#2 |
Enter Injury Type
#3 |
|
|
|
Enter
Injury Type
Average Direct Cost Multiplier
OR
Enter
Workers' Compensation Costs |
|
|
|
|
Enter Injury Type
Indirect Cost Ratio
|
|
|
|
|
Enter
Profit Margin
|
|
|
|
|
Enter
Number of Injuries
|
|
|
|
|
Calculate
Total Direct Cost
(multiply Direct Costs Multiplier
by Number of Injuries) |
|
|
|
|
Calculate
Indirect Costs
(multiply Total Direct Cost by Indirect Cost Ratio) |
|
|
|
|
Calculate
Combined
Total Costs
(add Direct Cost to Indirect Cost) |
|
|
|
|
Calculate
Sales To Cover Indirect Costs
(multiply Indirect Cost by
100/Profit Margin) |
|
|
|
|
Calculate
Sales To Cover Total Costs
(multiply Total Cost by
100/Profit Margin) |
|
|
|
|
Sum of all Injury Costs
(add Total Direct Costs from all Injury Type Columns) |
|
Injury Type
Index |
Injury Type
|
Average Direct
Cost Multiplier
|
Indirect Cost
Ratio
|
AIDS |
$ 4,469 |
1.2 |
Amputation |
$ 48,318 |
1.2 |
Angina Pectoris |
$ 28,136 |
1.2 |
Asbestosis |
$ 23,346 |
1.2 |
Asphyxiation |
$ 88,126 |
1.2 |
Black Lung |
$ 34,165 |
1.2 |
Burn |
$ 27,380 |
1.2 |
Byssinosis |
$ 13,523 |
1.2 |
Cancer |
$ 52,785 |
1.2 |
Carpal Tunnel Syndrome
|
$ 24,695 |
1.2 |
Concussion |
$ 68,456 |
1.2 |
Contagious Disease |
$ 15,657 |
1.2 |
Contusion |
$ 23,748 |
1.2 |
Crushing |
$ 45,272 |
1.2 |
Dermatitis
|
$ 8,295 |
1.2 |
Dislocation
|
$ 59,207 |
1.2 |
Dust Disease, NOC (all other pneumoconiosis) |
$ 27,682 |
1.2 |
Electric Shock
|
$ 86,448 |
1.2 |
Enucleation (to remove ex: tumor, eye, etc.) |
$ 62,699 |
1.2 |
Foreign Body |
$ 17,585 |
1.2 |
Fracture |
$ 37,911 |
1.2 |
Freezing |
$ 13,365 |
1.2 |
Hearing Loss or Impairment (traumatic only) |
$ 15,304 |
1.2 |
Heat Prostration |
$ 21,053 |
1.2 |
Hernia |
$ 18,850 |
1.2 |
Infection
|
$ 20,938 |
1.2 |
Inflammation
|
$ 24,881 |
1.2 |
Laceration
|
$ 15,398 |
1.2 |
Loss of Hearing
|
$ 13,145 |
1.2 |
Mental Disorder |
$ 37,420 |
1.2 |
Mental Stress
|
$ 27,004 |
1.2 |
Multiple Injuries Including Both Physical and Psychological |
$ 115,961 |
1.2 |
Multiple Physical Injuries Only
|
$ 58,607 |
1.2 |
Myocardial Infarction (Heart Attack) |
$ 85,962 |
1.2 |
No Physical Injury |
$ 22,093 |
1.2 |
Poisoning - Chemical (other than metals)
|
$ 43,690 |
1.2 |
Poisoning - General (not OD or cumulative injury)
|
$ 44,761 |
1.2 |
Poisoning - Metal |
$ 25,054 |
1.2 |
Puncture |
$ 15,381 |
1.2 |
Radiation |
$ 36,124 |
1.2 |
Respiratory Disorders (gases, fumes, chemicals, etc.) |
$ 35,266 |
1.2 |
Rupture |
$ 61,506 |
1.2 |
Severance
|
$ 59,394 |
1.2 |
Silicosis |
$ 31,393 |
1.2 |
Sprain |
$ 23,098 |
1.2 |
Strain |
$ 27,363 |
1.2 |
Syncope |
$ 31,138 |
1.2 |
VDT-Related Diseases |
$ 51,404 |
1.2 |
Vascular |
$ 56,316 |
1.2 |
Vision Loss
|
$ 49,693 |
1.2 |
All Other Cumulative Injury, NOC |
$ 30,647 |
1.2 |
All Other Occupational Disease Injury, NOC |
$ 27,820 |
1.2 |
All Other Specific Injuries, NOC |
$ 35,671 |
1.2 |
Disclaimer:
National Council on Compensation Insurance, Inc (NCCI) has supplied their current
copyrighted data about average cost per workers' compensation insurance
claim by nature of injury in NCCI states to OSHA for their use in
conjunction with their website tool, "Safety Pays." NCCI makes no
guarantees nor assumes any responsibility for the accuracy of any resulting
data or information from the use of our numbers by OSHA or any people who
use this tool. NCCI's information and data may not be otherwise used or
copied in any manner.
For additional information on how "$afety Pays", see
Background of the Cost Estimates. |
|