Cost of a Man-Overboard Alarm System
Cost of implementing a man-overboard alerting system may be a barrier to saving lives. Knowing if a man-overboard situation (MOB) has occurred on your premises is what keeps executives and safety personnel up at night. Fortunately, a solution for detecting a MOB has been around for 20 years. Sometimes referred to as MOB Beacons, Marine Survivor Locator Device, or Locator Beacons, it’s all about technology that will alert of a fall overboard. Making a decision to invest in a man-overboard beacon system should be imperative for a company with employees working on or near water. However, the cost and time to implement a MOB alerting system can seem daunting.
Emerald Marine Products has been protecting employees working on or near water for over twenty years so we have a clear understanding of the costs and time to implement a solution. We have a solution that is easy to implement and very cost-effective.
Understanding True Cost of Ownership of a Man-Overboard Alerting System
In regards to the cost of implementing a system, you want to not just look at the initial purchase price, but the total cost over the lifetime of a product for the Total Cost of Ownership (TCO). We recently had the opportunity to put our mathematical skills to work to calculate the TCO of our ALERT Man-Overboard devices. Why is this important? There are competing products in the MOB Beacon/Locator Beacon marketplace, so it’s important to consider what MOB alarm systems will last longer and understand associated maintenance costs.
Important Purchase Factor: How Long Will the MOB Beacon System Last?
If you are involved in purchasing safety technology, one of your concerns is how long with MOB alerting technology last? Emerald Marine Products is proud of the fact that our man-overboard alerting devices have been serving the maritime industry for over twenty years. It is doubtful many of today’s Man Overboard Beacon vendors will be around that long. In our twenty-year span of business, we have seen other MOB Alerting products and technology go out of business
Bluetooth and AIS man-overboard products are very sexy and the rage for “the latest technology” but the truth is, Bluetooth and AIS man-overboard products can be very costly in the long run. Any technology that relies on Apps for use will require updates and continued technical support of its software. Bluetooth and AIS are reliant on other vendors’ products and this doubles or triples the concern for long-term longevity and support. Most systems are not “commercial-grade” and are not expandable.
ALERT MOB alarm products do not require any software to operate. The ALERT Man-Overboard Alarm System relies on the decades-old wireless transmission on the 418MHz frequency. No need for costly software or updates to keep the technology current. Bluetooth and AIS alerting systems may have an initial price less than our ALERT Man-Overboard Alarm System but the TCO may take on a different cost once the longevity of the system is considered.
Dependence on Other Technology to Support a MOB Alerting System
Many MOB Beacon App-based systems have a life expectancy of 2-3 years based on supporting software technology by the manufacturer or the operating system the apps need to function. Constant updating for bug fixes and security concerns are guaranteed. The ALERT Man-Overboard Alarm System requires no software updates to remain functional. So when looking at the CTO of the ALERT MOB system, you simply need to look at the initial purchase price and any costs associated with new batteries or replacing a worn pouch or outer shell.
TCO of the ALERT Man-Overboard Alarm System
Last month, we received 40 ALERT2 Man-Overboard Alarm System Transmitters for a service check-up. This group of 40 allowed us to see how our man-overboard transmitters have fared over a span of time. We are happy to report that other than updating some worn pouches, outer shells, and batteries, the ALERT2 Transmitters were fully functioning. This proved that units in five-plus years of heavy maritime use may require a new pouch or batteries, but nothing more.
In reviewing this sample group of 40 units, and many other servicing checks over the years, we have confirmed our products last 7plus years. Based on a lifetime of 7 years (at a minimum) at an initial cost of $274 plus one set of new batteries, the total cost for one transmitter per day for 7 years is $0.05/day. Assuming one ALERT2 Receiver will be needed to support five ALERT2 Transmitters (numbers will vary so we took an average). We calculated that the average life of a receiver is $0.44/day. As you increase the number of employees, you decrease the TCO of man-overboard alarm protection.
Your Company Can Be Protected from a Multi-Million Dollar Lawsuit of a Man-Overboard Fatality
We have all heard of the analogy, “for the cost of a coffee at Starbucks you can…” We hate to use that analogy, but when it fits it fits. Using these sample figures previously outlined, a crew of five can be protected for $0.69 per day over a five-year period, A fleet of 10 boats and 40 crew can be protected for $6.40/day over a five-year period. If the TCO doesn’t convince your financial department, think of the money spent on a lawsuit for an injury or fatality when a life-saving product exists and wasn’t used.
Now Easier Than Ever to Implement a Fall-Overboard Alerting Solution
Finally, with the simplicity of costs now comes, the simplicity of operation. With our newly released ALERT Portable, DIY Man-Overboard Alarm System you can have an ALERT Man-Overboard Alarm System functional at a job site (vessel or dockside) within minutes. We are so confident in the life-saving capabilities of our ALERT Man-Overboard Alarm System, we will make it available for a no-risk 30-day evaluation to qualified companies. Further information about the financial, technical, or operational aspects of keeping your employees working on or near water safe, contact Emerald Marine Products at 800-426-4201 or email firstname.lastname@example.org.