Cost Containment Biggest Workers’ Comp Concern

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Cost containment will be the chief workers’ comp insurance concern for U.S. employers over the next 12 months, according to a survey. Zywave, an insurance software company, found that among the 3,500 companies polled, 59% were “very or somewhat concerned” about cost containment this year. Despite the results, there are a number of ways that employers can control those costs, including establishing a solid safety program and helping injured employees return to work. The survey results included the following: Respondents said the most effective workers’ comp cost control method was a safety-minded culture (65%). Although 59% said that a light-duty…
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