Assume a claim paid by your insurance carrier of
$5,000
The indirect costs of this claim:
[3.5 times the direct costs]
$17,500
Assuming an average profit margin of
10%
Your Sales needed to cover the indirect costs will be:
$175,000
East Coast Risk Management LLC is a management consulting firm specializing in Risk Management, Workplace Safety , Workers’ Compensation and Human Resource Management. Our mission is to partner with our client organizations to implement measures to identify, evaluate, and control risks associated with their business processes and human resources. Our goal is to help our clients maintain their competitive edge through shared knowledge and the integration of policies, procedures, and programs proven to mitigate risk through strategic management, legal compliance, & employee development.
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