Total Cost of Risk - TCOR

This class will introduce the concept of Total Cost of Risk (TCOR). TCOR provides a clear financial argument for proactive risk management. Strong safety programs reduce both the frequency and severity of accidents, which in turn lowers clam costs and insurance premiums over time. Conversely, poor safety practices drive TCOR up through higher injury costs, lost productivity, and potential regulatory fines. Studies show that for every dollar spent on direct injury costs, companies may incur several more in indirect losses such as downtime, training replacements, and damage to reputation.


Instructor: Darrel Krajnik