Workplace accidents can be expensive for any corporation. Management often can brush away accidents and injuries by stating that it is just part of doing business. Some may look at accidents in terms of the dollar costs of treating injured employees, replacing injured employees, replacing broken machinery, etc. Accident-related expenses often go much deeper than what meets the eye. Hence, the iceberg effect. The visible tip of an iceberg represents only a tiny fraction of its true impact, just like the immediate costs of an accident. Managers understand the acute impact of workplace injuries — medical bills, damaged equipment and downtime — but the hidden costs lurking beneath the surface are even more devastating. Iceberg Effect THE HIDDEN COSTS OF ACCIDENTS By Sam Celly, MS, JD, CSP, Celly Services Inc. The visible tip of an iceberg represents only a tiny fraction of its true impact, just like the immediate costs of an accident. 18
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