5 Key Elements To Managing Your Workers’ Compensation Program

By |2021-09-23T03:21:42+00:00March 15th, 2019|Blog, Loss Control, Solutions, Workers' Compensation|

Understanding the total financial impact of on-the-job injuries requires employers to look beyond the initial cost of each claim. In the insurance industry, these hidden claims dollars are referred to as the “iceberg effect,” and a recent OSHA study has shown these costs can be very substantial. These indirect costs include everything from setting up a claim, doing associated paperwork, losing productivity, training temporary employees, and much more.