The Business 'Triangle' - financing the uninsured loss of a workplace accident
All accidents have financial costs associated with them, broken down into two main categories
- Insured
- Uninsured
Employer’s liability insurance covers the cost of the injuries and loss to the person affected.
The uninsured costs range from sources such as:
- the accident investigation and its remedial measures
- down time
- sick pay
- over time
- agency fees
- administration costs
- product re-working
- fees for late delivery / shorting
- business reputation damage and loss of potential future earnings
- policy excesses
- premium increases.....and the list goes on!
It’s these uninsured costs that I want to look at - where the money financing them comes from and what factors may influence those in the decision making process.
The Business Triangle
All workplace accidents result in costs - direct and indirect. It is the latter that ironically will directly affect the capacity of the business to meet shareholder expectations.
Related Blogs
-
Andrew Froude B.Eng (Hons), CMIOSH, MIIRSM, OSHCR
Working at Height Regulations Guide for Construction | WAHR
Find out about the key pieces of legislation, such as the Working at Height Regulations 2005, governing work at height for the construction industry and beyond.02.04.25 -
Jason Mordecai
What if I Fail my NEBOSH Certificate Exam(s)?
If you have failed a NEBOSH Certificate exam, don't panic. Here is all the essential information, guides and practical help to make sure you know what your options are.31.03.25 -
Oliver Newman
Environmental Protection Act 1990 Explained | Legislation Summary
Find out about one of the primary pieces of environmental legislation in the UK that governs pollution prevention, disposing of controlled waste, contaminated land management and statutory nuisances.27.03.25 -
Toby Howell AIEMA BA PGDip
Top 8 Jobs the NEBOSH General Certificate Gets You | Salaries Included
Discover the large range of opportunities available for you, when you complete your NEBOSH General Certificate, with details on salary and job titles.26.03.25 -
Andrew Froude B.Eng (Hons), CMIOSH, MIIRSM, OSHCR
How to Prevent Slips, Trips and Falls on a Construction Site
Find out the best ways to prevent slips, trips, and falls on a construction site, with actionable steps on keeping employees safe.25.03.25 -
Andrew Froude B.Eng (Hons), CMIOSH, MIIRSM, OSHCR
How to Protect Employees From Asbestos | Guide for Employers
Find out how to protect your workforce from asbestos and the role training has in preventing the possible health risks of improper practice with the deadly substance.25.03.25
Real Life Stories

Hear What Our Learners Have To Say
-
"The tutor was excellent, and the course was designed so that the information was easy to digest and understand through real-life scenarios. The problem-based learning approach and active participation in classroom discussions and homework exercises helped me pass the exam on my first attempt."
01.04.2025 -
"The two weeks of comprehensive in-class training, coupled with the gaps between the exams, provided ample time for preparation and reflection on what I learned in the classroom. NG2 was very interesting, and the classroom exercises helped me grasp the theme of assessment, specifically how (RMs) were assessed."
01.04.2025 -
"The online learning portal was easy and straight forward to use, it was well laid out and had fantastic online resource sections which were great for printing out to have to hand - especially handy for highlighting important points. I had purchased the NEBOSH Managing Health and Safety book to help with my study, but in all honesty, the information in the portal covered all the relevant material anyway. I only needed to phone for assistance on a couple of occasions, but found the guidance helpful and quick."
Chris25.03.2025 -
"Having a secondary role at work as a Health and Safety coordinator means passing the NEBOSH General Certificate is a great indication of the knowledge and understanding I have achieved so far. This is a staple qualification in this field and I now have the confidence to venture into Health and Safety in a more primary role and as a progression of career."
Chris25.03.2025 -
"Very good"
11.03.2025 -
"Excellent, very clear and well presented"
11.03.2025 -
"Astutis delivers an interactive learning platform complete with textbooks, videos, quizzes and webinars for added guidance to learners. This allows to complete the course at your pace and is the perfect choice for people balancing work, life, school, etc. The portal is consistently maintained. Astutis staff also replies to queries in a timely manner via email and is very knowledgeable and professional in their duties."
04.03.2025 -
"I am grateful for the knowledge gained from Astutis and NEBOSH while completing the IGC, as it added new context to the way I view HSE from both a company and worker perspective. It also provided me with a great platform to build upon as I head into my new career in health and safety. It will also prove advantageous as I pursue the NEBOSH IDIP certification in the future."
04.03.2025 -
"Very impressed with the training content, it was delivered in a user friendly way and made easy to understand, communication and resources was excellent throughout"
Mark02.04.2025 -
"Lots of detail but delivered in such a way to make it easy to understand, the resources and advice given throughout the course was first class."
Mark02.04.2025 -
"The tutor was excellent, and the course was designed so that the information was easy to digest and understand through real-life scenarios. The problem-based learning approach and active participation in classroom discussions and homework exercises helped me pass the exam on my first attempt."
01.04.2025 -
"The two weeks of comprehensive in-class training, coupled with the gaps between the exams, provided ample time for preparation and reflection on what I learned in the classroom. NG2 was very interesting, and the classroom exercises helped me grasp the theme of assessment, specifically how (RMs) were assessed."
01.04.2025 -
"The online learning portal was easy and straight forward to use, it was well laid out and had fantastic online resource sections which were great for printing out to have to hand - especially handy for highlighting important points. I had purchased the NEBOSH Managing Health and Safety book to help with my study, but in all honesty, the information in the portal covered all the relevant material anyway. I only needed to phone for assistance on a couple of occasions, but found the guidance helpful and quick."
Chris25.03.2025 -
"Having a secondary role at work as a Health and Safety coordinator means passing the NEBOSH General Certificate is a great indication of the knowledge and understanding I have achieved so far. This is a staple qualification in this field and I now have the confidence to venture into Health and Safety in a more primary role and as a progression of career."
Chris25.03.2025 -
"Very good"
11.03.2025 -
"Excellent, very clear and well presented"
11.03.2025 -
"Astutis delivers an interactive learning platform complete with textbooks, videos, quizzes and webinars for added guidance to learners. This allows to complete the course at your pace and is the perfect choice for people balancing work, life, school, etc. The portal is consistently maintained. Astutis staff also replies to queries in a timely manner via email and is very knowledgeable and professional in their duties."
04.03.2025 -
"I am grateful for the knowledge gained from Astutis and NEBOSH while completing the IGC, as it added new context to the way I view HSE from both a company and worker perspective. It also provided me with a great platform to build upon as I head into my new career in health and safety. It will also prove advantageous as I pursue the NEBOSH IDIP certification in the future."
04.03.2025 -
"Very impressed with the training content, it was delivered in a user friendly way and made easy to understand, communication and resources was excellent throughout"
Mark02.04.2025 -
"Lots of detail but delivered in such a way to make it easy to understand, the resources and advice given throughout the course was first class."
Mark02.04.2025 -
"The tutor was excellent, and the course was designed so that the information was easy to digest and understand through real-life scenarios. The problem-based learning approach and active participation in classroom discussions and homework exercises helped me pass the exam on my first attempt."
01.04.2025 -
"The two weeks of comprehensive in-class training, coupled with the gaps between the exams, provided ample time for preparation and reflection on what I learned in the classroom. NG2 was very interesting, and the classroom exercises helped me grasp the theme of assessment, specifically how (RMs) were assessed."
01.04.2025 -
"The online learning portal was easy and straight forward to use, it was well laid out and had fantastic online resource sections which were great for printing out to have to hand - especially handy for highlighting important points. I had purchased the NEBOSH Managing Health and Safety book to help with my study, but in all honesty, the information in the portal covered all the relevant material anyway. I only needed to phone for assistance on a couple of occasions, but found the guidance helpful and quick."
Chris25.03.2025 -
"Having a secondary role at work as a Health and Safety coordinator means passing the NEBOSH General Certificate is a great indication of the knowledge and understanding I have achieved so far. This is a staple qualification in this field and I now have the confidence to venture into Health and Safety in a more primary role and as a progression of career."
Chris25.03.2025 -
"Very good"
11.03.2025 -
"Excellent, very clear and well presented"
11.03.2025