Accident Costs 1
Accident Costs 1 : (Insur) Monetary losses associated with an accident, consisting of: Direct costs: Monetary losses directly ensuing from an accident (e. g. , costs of workmen's compensation payments and medical expenses). Indirect costs: Costs not directly associated with the accident but which are real and measurable and have been incurred because the accident happened (e. g. , vages paid above compensation costs, cost of accident investigation, lost time of other workers, etc
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