Understanding the full financial impact of workplace injuries and illnesses is crucial for effective safety management. Use our free Injury Cost Calculator to estimate the indirect costs associated with workplace incidents, helping your company make informed decisions to enhance safety and reduce expenses.
You can determine your company's total injury cost using the formula below or by utilizing our TRIR calculator for a more comprehensive analysis.
Injury Cost = (Direct Cost) + (Indirect Cost)
Indirect Cost = (Direct Cost) x Multiplier(See FAQ Tab)
What Multiplier is Used To Calculate Indirect Costs?
OSHA projects the amount of indirect costs may be estimated by multiplying an injury's direct costs by the multiplier shown in the below table.
| Direct Cost | Multiplier |
| $0 - $2,999 | 4.5 |
| $3,000 - $4,999 | 1.6 |
| $5,000 - $9,999 | 1.2 |
| > $10,000 | 1.1 |
What is the True Cost (or Total Cost) of a Workplace Injury?
Workplace injuries have both "direct" and "indirect" costs.
"Direct" costs are the most obvious (such as medical bills), but represent just a fraction of the overall cost of an injury.
"Indirect" costs are less obvious (such as loss of productivity), but are estimated to be 3 to 10 times higher than direct costs.
What are "Direct" Costs of an Injury?
Think of "direct" costs as those that are paid to address the damage caused by an injury (or the costs you would typically claim under your worker's compensation or disability insurance). Examples of "direct" costs include, but are not limited to:
What are "Indirect" Costs of an Injury?
"Indirect" costs are all of the other costs that impact a company's bottom line as the result of an occupational injury. These costs are often referred to as "hidden" costs and may include, but are not limited to:
How Much Does Injury Cost Calculator Software Cost?
Please check our Pricing page, or contact us to schedule a demo!
Injury Reporting Software streamlines and simplifies your processes for reporting, tracking, and investigating incidents. This results in:
More Timely Reporting - Incidents and hazards are more likely to be reported in a timely fashion using our efficient incident reporting app.
Improved Performance - Timely reporting results in more efficient responses and corrective action implementation, which reduces the potential for future injuries, eliminates downtime, and improves culture.
Lower Cost Per Injury - Prompt reporting helps ensure injured or ill employees have quicker access to appropriate medical care, which can help get them back to work sooner.
Improved Cost Tracking - With a centralized database of injuries and associated direct and indirect costs, companies are able to quickly run reports demonstrating trends and how injuries are impacting their bottom line.
Trend Identification - Standardized forms gather consistent information and improve incident management around the globe. This allows for better trending and improved visibility of areas/activities that need help/resources.
Click on the "Learn More" tab to see these benefits in action with a free trial of our Ecesis Incident Reporting Software.
Please call us at (720) 547-5102 or complete the form below to learn more about how Ecesis can help you reduce incidents and improve performance.
If you need help calculating the cost of injuries for your company, please call us at (720) 547-5102.
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