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Estimated costs of the injury problem

Table3.pdf defines the types of measureable costs that are related to motor-vehicle related fatalities. There potential unquantifiable costs to families of victims and society that are not described in this table, but are extremely important to consider when conceptualizing the costs related to a death.

Table 4.pdf describes the cost components used to estimate costs of motor-vehicle related fatalities which can be used by government and industry officials, and policy advocates to calculate the overall cost of the problem in their communities. It is not surprising that deaths cost more than nonfatal injuries and property damage, and that incapacitating injuries are more costly than non-incapacitating injuries.

The average comprehensive cost of motor-vehicle related fatalities is estimated to be $4.3 million per injured person. This information was put out by the National Safety Council in 2011 and is not industry-specific. Based on these estimates, ND will have lost $17.2 million from the four traffic-related fatalities in the oil and gas industry workers from 2010 to 2011. As the oil and gas industry grows in North Dakota and other states, the potential costs to the injury problem have the potential to be devastating.

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This page is an archive of recent entries in the 04. Costs category.

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