Workers Compensation Tag


Coverage insights header image Workers’ compensation insurance not only helps employers cover costs related to employees becoming ill or getting injured on the job, it’s also required in nearly every state.

Yet, some employers have a harder time securing coverage than others. After all, a range of factors (e.g., a poor loss history or involvement in a high-risk industry) can make insurers hesitant to offer workers’ compensation insurance to certain employers. In these instances, employers can utilize assigned risk plans. Such plans provide a safety net for employers who are unable to acquire workers’ compensation coverage from insurers in a standard market.


Coverage insights header image Employees who face work-related injuries and illnesses commonly have subsequent stress and anxiety.

Oftentimes, this stress is made worse should employers stop communicating with the employee while they’re unable to work. It is important for employers to make their employees feel appreciated and to invest in their well-being. This rapport helps employees feel welcomed, valued and trusted. As a result, if employees are injured at work, they are much more likely to report accidents and injuries.


Coverage insights header image Supervisors play an essential role in ensuring a company’s efficiency and success.

They are responsible for handling the everyday situations that help a business remain functional. Further, supervisors are also an integral part of workplace safety programs. Such programs utilize risk management techniques to keep employees safe on the job, thus reducing workers’ compensation costs.

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There are numerous factors that can contribute to higher workers’ compensation expenses for an organization. Specifically, one emerging cost driver is the concern of comorbidities.

A comorbidity occurs when an individual experiences multiple health conditions at the same time. The presence of comorbidities within your workforce can carry significant consequences—namely, elevating the severity of workplace injuries and lengthening employees’ recovery time following an injury. These ramifications can, in turn, lead to an increase in both the overall cost and complexity of workers’ compensation claims.

News Brief headerWhile any workers’ compensation claims can result in costly ramifications for your organization, one category of claim in particular—known as a “mega claim”—has the potential to carry significant consequences.

True to its name, a mega claim is characterized as an exceptionally large claim— typically totaling $3 million or more in incurred losses. In the realm of workers’ compensation, these claims usually stem from employees experiencing severe injuries or illnesses on the job. Mega claims are not only expensive, but often lengthier and more complex in nature than a typical claim. Such claims can leave lasting impacts on your employees by way of life-altering injuries and illnesses, as well as your overall organization through hefty costs, lost time and the potential for severe reputational damage.