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LOTO COMPLIANCE. Cost Benefit Analysis of Implementing LOTO. Insured Cost Vs Uninsured Cost.
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LOTO COMPLIANCE Cost Benefit Analysis of Implementing LOTO
Insured Cost Vs Uninsured Cost Insured cost : Are costs that are directly related to the accident. They may be insured (Claims on employers and public liability insurance, damage to buildings, equipment, or vehicles) or uninsured (fines, sick pay, damage to product, equipment or process) Source: Introduction to Health & Safety at Work by Phil Hughes, Ed Ferrett
Insured Cost Vs Uninsured Cost Uninsured Cost: Are costs not directly related to the accident. They may be insured (business loss or product or process liability or uninsured (loss of goodwill, extra overtime payments, accident investigation time, production loss) Source: Introduction to Health & Safety at Work by Phil Hughes, Ed Ferrett
Cost to Company – Insured Cost Source:Printed and Published by HSC, UK
Cost to Company – Uninsured Cost Source: Printed and Published by HSC, UK
Cost to Company – Uninsured Cost Source: Printed and Published by HSC, UK
Injuries related to non-compliance / non-implementation of LOTO
Cost of Accidents Total Accident costs to Industry was $123 billion in 1999 – Quantifiable Loss % on each category Source: Cost of Accidents by Dallas Babcock
Statistics on Industrial Accidents per year Source: Printed and Published by HSC, UK
Reports by various councils on Accidents Source: Cost of Accidents by Dallas Babcock
LOTO Related Accidents Source:http://www.osha.gov/SLTC/controlhazardousenergy/index.html
Top 10 list of most frequently cited OSHA Standards Source: JJ Keller & Associates, Workplace safety
Reduce Risks Cut Costs… Source: Printed and Published by HSC, UK
Reduce Risks Cut Costs… Source: Printed and Published by HSC, UK
How to reduce Accidents? Source: Printed and Published by HSC, UK
Be Aware!!! Source:http://www.stclaire.com/go/lockout_tagout/osha/htmlpreamble/pre-147com.htm
Be Aware!!! Source:http://www.stclaire.com/go/lockout_tagout/osha/htmlpreamble/pre-147com.htm
Be Aware!!! Source:http://www.stclaire.com/go/lockout_tagout/osha/htmlpreamble/pre-147com.htm
OSHA Analysis of 83 Fatalities Investigation Source:http://www.stclaire.com/go/lockout_tagout/osha/htmlpreamble/pre-147com.htm
LOTO Violations Source:http://ohsonline.com/articles/2008/10/5-osha-fines-pepsi-cola-for-loto-violations.aspx