Document M7kzJKODdmQyLOamr9DGjdpx

which a sufficiently large number of accidents has occurred to be representative can be esti mated with considerable accuracy by multi plying the average uninsured cost per case for each of the four classes by the number of cases occurring in that class during the penod If any deaths, permanent total disabilities, or extraordinarily extensive property damage accidents have occurred, the specific unin sured costs of these should be added to the estimated costs of the four classes of accidents To these uninsured cost totals should be added the cost of workmen's compensation and insured medical expense For companies which are self-insured, this will be the total amount paid out m settlement of claims plus all expenses of administering the insurance For companies not carrying their own in surance, it will be the amount of their in surance premiums The method will have to be modified in accordance with the recordkeeping systems of different companies For example, most selfinsurers will find it impossible to separate compensated medical expense from dispensary care In that case, these items should be combined into one, and the dispensary cost omitted from the analysis of noncompensated costs on the data sheets For an illustration of the development of a final cost estimate, see the example in Tables 7-B and -C References Amencan National Standards Institute, 1430 Broadway, New York, N Y 10018 Standard Method of Recording Baste Facts Relating to die Nature and Occurrence of Work Injuries, Z16 2-1969 Firenze, Robert J Guide to Occupational Safety ir Health Management Dubuque, la, Kendall/Hunt Publishing Co, 1973 Sunonds, Rollin H, and Grimaldi, John V Safety Management--Accident Cost and Control Homewood, 111, Richard D Irwin, Inc, 1963 171