Costs Flashcards
1
Q
Insured Direct costs
A
Employers and public liability insurance
Damage to buildings, equipment and vehicles
2
Q
Uninsured Direct costs
A
Fines Sick pay Damage not directly attributable to the incident Premium increase Policy excess Legal costs
3
Q
Insured indirect costs
A
Cumulative business loss
Process liability claims.
Recruitment costs
4
Q
Uninsured indirect costs
A
Loss of goodwill, investigation times, Production delays Overtime Replacement staff training Lower morale Reduced productivity
