EFFECT OF ACCIDENTS

The adverse effects of the accident are given as under— 
(A) Effect on the owner of factory 

• Direct cost of an accident 
• Compensation paid to the workers. 
• Money paid for treatment. 
• Monetary value of damaged tools, equipments and materials. 
• Indirect cost of an accident 
• Lost time of the injured worker. 
• Time lost by other employees. 
• Delays in production. 
• Time lost by supervisors, safety engineers etc. 
• Lowered production due to substitute workers. 

(B) Effect on worker 

• The industrial workers may get temporary or permanent disability. 
• If the industrial worker dies, his family loses the earner and the compensation never equals to his earnings. 
• Accident also affects the morale of the employees working in the manufacturing environment. 

(C) Effect on society 
Work connected with injuries put a considerable burden on society. It is given as under:

• Cost of accidents is included in the products, so the society has to pay more prices for the industrial products. 
• If some industrial workers do not come under compensation act, the need for help from society is much greater. 
• Loss of production hours may causes fewer products in market. So more prices if demand is more than production.