Workers' Compensation

A study by the National Council of Compensation Insurance (NCCI) confirms what experienced workers’ compensation experts have been saying for years -- delayed reporting of workers’ comp claims will cost you. Specifically, the report said that the late reporting of claims: 1) costs employers more in dollars, increasing the loss ratio of business entities, 2) increases their experience modifications, and 3) ultimately has a negative effect on workers compensation premiums, regardless of the insuring company.  

Greg Nelson

Liberty Mutual Workplace Safety Index recently released its compilation of the 10 most costly workplace accidents for 2014.  These accidents cost a combined $59.6 billion a year in direct workers compensation costs. These accidents cost a combined $59.6 billion a year in direct workers compensation costs.  Liberty Mutual pulled this data from all of the accidents that caused employees to miss six or more days of work.  The 10 leading accidents are:

Greg Nelson

Insurance providers that offer workers’ compensation are taking a wide variety of actions in order to move towards profitability in this highly-regulated market.  Financial results improved last year for workers’ compensation providers, but they continue to lose money in the market.  According to the state agency that evaluates the results for workers’ compensation insurance, the “combined ratio” (expenses and claims to premium received) for workers’ compensation insurance in California for 2013 was 122 -- for every dollar of premium the insurance industry took in in, it paid out $1.22.  This is better than 2012 when the combined ratio was 141.


Greg Nelson


Join Western Growers

Western Growers members care deeply for the food they grow, the land they sustain, the people they employ, and the community in which they live.