Odds are you didn’t study insurance in college. And odds are you don’t spend your free time reviewing the latest actuarial tables. (If you do, please see our careers section!) As for the rest of you, we invite you to experience our calculators. They’re great tools to check up your existing coverage and even play a little, “What if?”.

Math was always easier with a calculator. Same is true with insurance!



According to OSHA, indirect costs associated with incidents can range from 1-4x times that of the direct costs. Indirect costs include such expenses as the costs to train and compensate a replacement worker, investigate the accident and implement corrective action, schedule delays, increased administrative time to handle the claim, etc... To calculate the impact of indirect costs on your organization, simply identify the total amount of claims you have incurred in each band of direct claim size and multiply that by the indirect cost multiplier.

Simply complete the forms in Steps 1 and 2 below and hit calculate. A window will display your results instantly, and a copy will be emailed to you for your reference. 

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Calculating the Indirect Cost of Losses

Enter total amount of claims your company has incurred in each band of Direct Claim Size during the past year in each of these claim size categories:

Above is simply an estimation of the direct and indirect costs of your losses. Please consult your insurance broker or contact Assurance for a more thorough review of your expenses.