So I ask you 212MAN......just what is the "Value" of a single human life?
£7000....apparently
That was the calculation arrived at by a man trying to supply a higher standard of lifejacket, complete with breathing kit and servicing included, on a long-term contract basis to an offshore oil company in the North Sea some years ago. The level of kit/service being offered was rejected on the basis of cost balanced against the company's assessment of the risk/cost of accident.
I don't remember all the details as he explained them to me but the £7k stuck pretty clearly in my mind.
A pretty sobering thought.
