How Much Does an Accident Really Cost You?<br />
Uninsured costs are difficult to<br />
measure, but it's worth the<br />
effort because they can really<br />
hurt your bottom line.<br />
<br />
<br />
<br />
BY RONALD M. PITCHER<br />
Many companies, while navigating<br />
the cold and perilous waters of<br />
workers' compensation, fail to<br />
comprehend the complexity of their<br />
accident costs in the workplace. Acci-<br />
dent costs are similar to an iceberg—the<br />
visible part of the iceberg corresponds<br />
to the direct“insured costs”of an injury<br />
claim, while hidden from obvious view<br />
are the larger indirect and usually unin-<br />
sured costs remain. It is these “unin-<br />
sured costs”that can lead to devastatin<a title="MetalForming January '10 page 1" href="http://viewer.zmags.com/publication/580d41a2?page=1">What makes joining the Precision Metalforming Ass</a> What makes joining the Precision Metalforming Ass<a title="MetalForming January '10 page 2" href="http://viewer.zmags.com/publication/580d41a2?page=2"></a> <a title="MetalForming January '10 page 3" href="http://viewer.zmags.com/publication/580d41a2?page=3">A SUPERIOR CHOICE!The new Mate AMX</a> A SUPERIOR CHOICE!The new Mate AMX<a title="MetalForming January '10 page 4" href="http://viewer.zmags.com/publication/580d41a2?page=4">IT ALL ADDS UP... </a> IT ALL ADDS UP... <a title="MetalForming January '10 page 5" href="http://viewer.zmags.com/publication/580d41a2?page=5">Contents January 2010Volume 44</a> Contents January 2010Volume 44<a title="MetalForming January '10 page 6" href="http://viewer.zmags.com/publication/580d41a2?page=6"> </a> <a title="MetalForming January '10 page 7" href="http://viewer.zmags.com/publication/580d41a2?page=7"> Serving those who create precision metal p</a> Serving those who create precision metal p<a title="MetalForming January '10 page 8" href="http://viewer.zmags.com/publication/580d41a2?page=8"></a> <a title="MetalForming January '10 page 9" href="http://viewer.zmags.com/publication/580d41a2?page=9">TechUpdateNext-Gen Direct-Transfer Press-Feed </a> TechUpdateNext-Gen Direct-Transfer Press-Feed <a title="MetalForming January '10 page 10" href="http://viewer.zmags.com/publication/580d41a2?page=10">report that no parts cleaned by the Universal81C</a> report that no parts cleaned by the Universal81C<a title="MetalForming January '10 page 11" href="http://viewer.zmags.com/publication/580d41a2?page=11"></a> <a title="MetalForming January '10 page 12" href="http://viewer.zmags.com/publication/580d41a2?page=12"> They say sticking to your core v</a> They say sticking to your core v<a title="MetalForming January '10 page 13" href="http://viewer.zmags.com/publication/580d41a2?page=13">Fastening/Assembly TechnologyAccurate Laser Tr</a> Fastening/Assembly TechnologyAccurate Laser Tr<a title="MetalForming January '10 page 14" href="http://viewer.zmags.com/publication/580d41a2?page=14">Crowning Achievements Deliver Press Brake Accuracy</a> Crowning Achievements Deliver Press Brake Accuracy<a title="MetalForming January '10 page 15" href="http://viewer.zmags.com/publication/580d41a2?page=15">Press BrakeThis means that the press brake ne</a> Press BrakeThis means that the press brake ne<a title="MetalForming January '10 page 16" href="http://viewer.zmags.com/publication/580d41a2?page=16">machine.Without adjusting the crown-ing system, </a> machine.Without adjusting the crown-ing system, <a title="MetalForming January '10 page 17" href="http://viewer.zmags.com/publication/580d41a2?page=17">Precision Blanking Line Three Times Faster, Quicke</a> Precision Blanking Line Three Times Faster, Quicke<a title="MetalForming January '10 page 18" href="http://viewer.zmags.com/publication/580d41a2?page=18">The Need for Speed As the sayings go, “You c</a> The Need for Speed As the sayings go, “You c<a title="MetalForming January '10 page 19" href="http://viewer.zmags.com/publication/580d41a2?page=19">How Much Does an Accident Really Cost You?Uninsu</a> How Much Does an Accident Really Cost You?Uninsu<a title="MetalForming January '10 page 20" href="http://viewer.zmags.com/publication/580d41a2?page=20">has been lost, their productivity now iscompromi</a> has been lost, their productivity now iscompromi<a title="MetalForming January '10 page 21" href="http://viewer.zmags.com/publication/580d41a2?page=21">Tooling TechnologyAutomotive Die Redesign</a> Tooling TechnologyAutomotive Die Redesign<a title="MetalForming January '10 page 22" href="http://viewer.zmags.com/publication/580d41a2?page=22">any problems we would likely haveencountered on </a> any problems we would likely haveencountered on 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