U.S. employers pay almost $1 billion per week for the costs related to workplace injuries and illnesses — and that doesn’t even include indirect costs such as lost productivity or the cost of corrective measures.
The aging workforce and the trend toward deferring retirement can contribute to an increase in both the frequency and severity of injuries. At the same time, hiring booms in industries such as construction are bringing in workers with less training and experience in safe practices, leading to a sharp rise in preventable injuries. Lengthy claims can be a drain on company resources, but focused risk management and safety measures can keep incident rates down.
Sponsor’s Information: Learn more about how Starr Companies’ General Liability coverage can help with your workplace injury risks.