The Real Cost of Accidents

Accident figures in themselves may not sound serious until you break down the costs involved.

An example of the cost of a single low-level accident:

Insurance excess            £500
Repair Costs                   £5,000
Personal Injury claim      £9,500
Cost in time                      £100
Recovery costs                £2,000
Redelivery costs              £200
Replacement vehicle        £100
Client penalty charges   £1,000
Extra Labour costs          £200

Total                            £18,600

If your organisation is experiencing anything like 100 accidents per year then this is costing you at least £1.86 million.

By using the PeopleMaps system you will reduce your accident rate drastically; “In my position in a large Transport Distribution company I reduced our accident rate from 135 in 2006 to just 60 in 2008 using the PeopleMaps method. This equated to over £1.8m worth of savings and our insurance company even reduced our premium,” Steve Barker.

To work out how much accidents are actually costing your company and how much you can save , please download our accident cost calculator spreadsheet here: accident-reduction (excel 47kb). It’s an excel spreadsheet so should require no software to download in order to use it. Accident Cost Calculator Instructions

PeopleMaps charges on a percentage of the money it saves you. Accident reduction targets are set and adhered to. If the targets are not met and savings are not realised we do not take a full fee, guaranteed.

To find out more please contact us directly.

Email your details and enquiry here: employers@peoplemaps.com