Controlling Accidents and Insurers' Risks in Construction : A Fuzzy Knowledge-Based Approach

Intro -- CONTROLLING ACCIDENTSAND INSURERS' RISKSIN CONSTRUCTION: A FUZZYKNOWLEDGE-BASED APPROACH -- Contents -- Preface -- Acknowledgments -- Abbreviations -- Introduction -- The Global Trend of OHSin the Construction Industry -- The Drive towards Re-engineering Workers'Compensation Insurancefor Improving Safety in Construction -- Leveraging by IT -- Focus of the Book -- Structure of the Book -- Workers' CompensationInsurance in Construction -- Introduction -- Origin of Workers' Compensation System -- Workers' Compensation System -- Costs Recovered under the Workers' Compensation System -- 1. Medical Expenses -- 2. Temporary Incapacity -- 3. Permanent Incapacity -- 4. Dependants Death Benefits -- 5. Compensation for Occupational Diseases -- Workers' Compensation Insurance (WCI) -- Premium Rating Methods for WCI -- Experience Modification Rating (EMR) Approachfor Premium Rating -- Manual Rate -- Payroll Unit -- Experience Modification Rate (EMR) -- Example of WCI Premium Calculation -- Computing the EMR -- Computing the WCI Premium -- Shortcomings of the EMR Approach -- Ad-hoc Methods for Premium Rating -- Drawbacks of the System -- Conclusion -- Critical Factors for Premium Ratingof Workers' Compensation Insurancein Construction -- Introduction -- Premium Rating Variables for Construction WCI -- Predicting Future Claims in Construction WCI -- Determining the Mark-up for Construction WCI -- Research Methodology -- Profile of Respondents -- Data Analysis and Discussion -- Important Variables for Premium Rating -- Wage Roll -- Project Hazard Level -- Effectiveness of the Safety Management System on Site -- Contractor's Claims History -- Competition -- Corporate Objectives of the Insurer -- Overhead Costs of Insurance -- Investment Income from Underwritten Premiums -- Less Important Variables for Premium Rating.