Workers’ Compensation Insurance can help protect employees from the serious costs of work-related injuries while also helping shield employers from claim costs that could put their business operations at risk.
Do you know how much companies pay for employee injury costs each week? OSHA estimates it’s nearly $1 billion. In the U.S., we experience a work injury every seven seconds. That’s 4.26 million workplace injuries each year. Additionally, The National Safety Council estimated that work-related deaths and injuries cost the nation, employers and individuals $171 billion in 2019.1
In addition to covering medical benefits and wage replacement for employees injured on the job, Workers’ Compensation Insurance can provide benefits to dependents of employees impacted by work-related fatalities and help mitigate litigation, including civil suits brought against employers by injured workers.