What are the various losses, if an employee meets an accident

It involves two types of costs:

1. Direct cost that includes:

Compensation to employee, Medical expenses paid to employee, paid rest, Asset damage cost (most raw materials are not covered under insurance), repair and maintenance cost, etc.

2. Indirect cost that includes:

cost associated to pay to Health & executive law enforcing bodies, Increase in insurance premiums, incident investigation cost, decrease in production due to decrease in employees morale, loss due to delay in delivery, etc.