Paramedic Systems of Wisconsin. 20 th Annual EMS Conference. Insured & Uninsured Costs. There are 2 types of costs associated with accidents Direct Costs – normally covered by insurance Indirect Costs – normally not covered by insurance. Costs of an Accident.
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20th Annual EMS Conference
Code 7380 risk?
10/1/07 $5.26Ambulance Service Companies
Indirect Costs: risk?
Employee benefits& wage continuation
Claims handling time
Reports and paperwork
Equipment damage and 3rd party liability
Reduced productivity and morale
Increased workers’ compensation costs
Hiring and selection costsAccident Costs - continued
Direct WC costs$ 1,200
Indirectcosts $ 5,175
Ratio 5.3 to1
(employee misses 1 1/2 days)