BREAKING NEWS: FABIG LUNCHTIME WEBINARS TO BE HELD EVERY 2 WEEKS WHILST MOST FABIG MEMBERS ARE IN LOCKDOWN

HSE RR1055

Modelling the Economic Impacts of an Accident at Major Hazard Sites

FABIG Members: Log-in to access all FABIG resources

SUMMARY

This report documents the development, implementation and results of a model to estimate the economic costs of accidents at major hazard sites in Great Britain, focusing on the impacts of the accident, and taking into consideration a broad spectrum of losses. A catastrophe-modelling type approach was used to structure the work, based around model components for hazard, vulnerability and economic cost. The model was developed by the Health and Safety Laboratory in Buxton (HSL) with further input from the Welsh Economic Research Unit at Cardiff Business School and HSE, and used the COCO-2 model developed by Public Health England for nuclear site accidents as a starting point of reference.

Hazard models were developed to take advantage of existing information regarding the risk around major hazard sites that is used to inform HSE’s land-use planning advice. The model also took advantage of national geographic datasets on the types and locations of buildings and population, including HSE’s National Population Database. The costs considered included casualty impact costs, business disruptions, business temporary locations, building damage and evacuation costs.

The model was applied to all major hazard sites in Great Britain, with average costs estimated across all sites, and for subsets based on the expected hazard, type of site, Control Of Major Accident Hazards (COMAH) classification and geographical administrative regions.

This report and the work it describes were funded by the Health and Safety Executive. Its contents, including any opinions and/or conclusions expressed, are those of the author alone and do not necessarily reflect HSE policy.

Publisher: HSE
Published in: 2015

Corporate Membership

Joining FABIG provides access to a wealth of technical resources as well as excellent training opportunities, and ensures that your organisation is kept abreast of the latest developments in fire and explosion engineering. FABIG also provides a forum for discussing technical issues with industry peers via participation in the FABIG activities, therefore creating invaluable networking opportunities. Become a Member Request a Membership Quote

DO YOU HAVE A QUESTION? TO GET IN TOUCH PLEASE

Click here

KEEP UP-TO-DATE WITH THE LATEST FABIG NEWS AND EVENTS

Subscribe