ABSTRACT
The exchange of energy caused by an unsafe act, unsafe condition, or combination thereof could result in injury, damage to property and equipment, or business interruption. There are numerous accidents that result in damage to property or equipment. Cost of repairs to equipment and vehicles should also be listed and tabled at the various safety committee meetings. Accidental losses could include losses to people, equipment, material, or the environment. The environment can be damaged as a result of both fire and pollution and extensive losses can occur even when no injuries take place. All property-damage accidents should be thoroughly investigated and a costing done to calculate the actual financial losses as a result of the accident. Property-damage accidents are the most important in the accident ratio. Although an organization may have relatively few injuries, their property-damage accidents may be costing a great deal.
