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TEXT VERSION OF SLIDE:
In addition to the direct costs, your business also incurs a variety of indirect costs when a worker is injured or becomes ill. These may be hidden or less obvious than the direct costs, but in most cases they involve real out of pocket expenditures. Or, they consume your time and that of others that would normally be devoted to running the business. These indirect costs can include:
A Stanford University study found the indirect costs can range from 1.1 times to 4.5 times the direct costs. This means that for every $1000 in direct cost from an injury there could be $1100 to $4500 in indirect cost.