A study by Liberty Mutual Insurance Company identified the top 10 types of injuries in the workplace by the cost of the injuries. Typical surveys of this type will list the top injuries based on the number of actual injuries that occur. This review looked at injuries by the amount they cost to treat. This highlights the types of injuries that cost employers and workers’ compensation providers the most in medical claims and disability payments and therefore identifies the injuries that cause workers’ compensation rates to increase the most. In fact, the top 10 types of injuries actually account for almost 90 percent of all disabling work related injuries in 2010, a total of $51.1 billion. The top five types of injuries actually rang up more than 73 percent of the costs. It’s important to realize that preventing these types of injuries can have a significant impact on keeping workers’ compensation claims costs down and reduce the impact on the experience modification factor of companies.
The most expensive types of work injuries for 2010 were:
- Overexertion-$13.1 billion
- Falls on the same level-$8.61 billion
- Bodily reaction-$5.78 billion
- Fall to a lower level-$5.12 billion
- Struck by object-$4.1 billion
- Struck against object-$2.11 billion
- Repetitive motion-$2.02 billion
- Highway incident-$1.99 billion
- Caught in/compressed by-$1.79 billion
- Assault/violent act-$640 million
The Western Growers Insurance Services (WGIS) team are experienced and focused on reducing injuries and getting the most for your workers compensation insurance dollars. If you would like to discuss how WGIS can help you with your workers compensation needs, contact Director of Commercial Lines Greg Nelson at (949) 885-2287.
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