Transport and its consequences are evaluated from different points of view of safety, road,vehicle and human factor. However, it is very important to assess the transport impacts alsofrom the economic viewpoint. Incurred considerable socio-economic losses impact upon thegovernment and society.Under conditions of the Czech Republic, the methodical procedure of loss calculation oftraffic accident rate was used but it was not up-to-date and did not include important costitems, which are inserted into the calculation. Therefore mentioned values were out-of-dateand underestimated.The article is aimed at the description of new approach to evaluation of socio-economic lossescaused by traffic accidents on land roads under conditions of the Czech Republic. Newmethodology of loss calculation is defined and stress is laid on current changes, by virtue ofwhich the amount of losses will be put more exactly.Further, problems of determination of compensation for damage established by the courts arementioned and individual amounts of compensation according to injury consequences andseverity of traffic violations are provided.In the final part, the concrete and explanatory example of the calculation and evaluation oflosses, final summary and recommendations are mentioned.It is important to place emphasis on evaluation of losses caused by traffic accidents and toreckon them on a yearly basis. Loss amounts provide source information for trafficengineeringanalyses and models, aimed at the calculation of effectiveness of measures.Implemented effective traffic-safety precautions will accordingly result not only in reductionand severity of traffic accidents but also considerable saving and efficient spending offinancial resources.
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