01. Industrial Accidents (due to human failure somewhere in the chain of circumstances that lead to the injury, and it is an unexpected occurrence that interrupts the regular progress of work.)
Cost of an accident
======> Insured Cost ( covered by insurance )
======> Uninsured cost (Cost of wages paid to the injured worker, Cost of wages paid for the time lost of workers not injured Cost of replacing the injured employee, Cost of damages to plant, equipment, and materials, Cost of damages to plant, equipment, and materials )