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The Costs of a Work Related Road Accident

The true cost of a work related road accident is much more expensive than many employers first realise. The costs are significantly more than just the garage bill for repairs to your vehicle and your insurance policy might not cover you for as much as you first assumed.

The costs to your company of a work related road accident include:

Loss of company reputation and contracts
Fines and costs of prosecution
Staff down time for medical appointments, meetings with lawyers and court appearances etc.
Cost of replacement staff and sick pay

Loss of production / delayed delivery

Increased insurance premiums and cost of insurance excess
Offenders own legal fees
Claims from third parties
Cost of accident investigation and administration / paperwork
Cost of repairs to damaged vehicles / equipment
Cost of alternative transport for duration of repairs
Inconvenience / Re – delivery
Management and administrative time
   

 

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