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The
LOSSTIMATOR Accident Indirect Costs Estimate When losses happen, it is not always easy to determine the true cost to your business. The Hartford's LOSSTIMATOR can help you identify some of the 'hidden' costs.
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The LOSSTIMATOR is an attempt to model the Accident Iceberg Theory. This theory essentially states that only a small portion of lost costs are direct and "visible" while a much greater portion are indirect or hidden costs and are not exceedingly obvious. The model is driven by a few simple variables that will need to be input by the Loss Control representative. Based on the input, the LOSSTIMATOR calculates ranges of possible lost costs and should serve as a guide only. Actual costs will vary. ©2003 The Hartford Financial Services Group, Inc. All rights reserved.
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