What is the direct cost of a class a mishap is?

The direct cost of a Class A mishap refers to the total expenses associated with a serious incident resulting in significant damage, typically exceeding $2 million, or involving a fatality or permanent disability. This cost includes repair or replacement of damaged equipment, medical expenses, legal fees, and potential compensation claims. It does not account for indirect costs, such as lost productivity or reputational damage, which can also be substantial.