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Many employers believe that the insurer will pick up the costs of an accident, and that's why they pay their insurance. However the costs of an accident can be broken down into the direct costs and indirect (uninsured) costs.
Direct costs are those costs that are accrued directly from the accident. They are quite easy to calculate, and include the medical costs incurred and the compensation payments made to the injured workers. Direct costs are usually insurable by businesses.
Indirect costs are the less obvious consequences of an accident that can be costed. While the indirect costs created by accidents are hidden, they too must be paid from profits from the sale of products. They are more difficult to calculate and tend not to be insured. Indirect costs include:
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