Workers' Comp: A $62 Billion Concern

No votes yet

According to the recently released 2016 Liberty Mutual Workplace Safety Index, 2013 was an expensive year for U.S. employers when it comes to workers’ compensation. In all, injuries and accidents that necessitated employees missing six or more days of work cost nearly $62 billion. Yes, billion with a “b.” Of that total, more than $51 billion was attributed to the following incidents:

  • $15.08 Billion - Overexertion involving outside source
  • $10.17 Billion – Falls on same level
  • $5.4 Billion – Falls to lower level
  • $5.31 Billion – Struck by object or equipment
  • $4.15 Billion – Other exertions or bodily reactions
  • $2.96 Billion – Roadway incidents involving motorized land vehicle
  • $2.35 Billion – Slip or trip without a fall
  • $1.97 Billion – Caught in/compressed by equipment or objects
  • $1.85 Billion – Struck against object or equipment
  • $1.82 Billion – Repetitive motions involving micro-tasks

  • Not a Deposit.
    Not FDIC-Insured.
    Not Insured by any Government Agency.
    Not Guaranteed by the Bank.
    Not a Condition of Any Bank Loan, Product or Service.

    Always refer to your policy for exact coverage terms and conditions.

    Services provided by BancorpSouth Insurance Services, Inc. are supplemental to the insurance carrier and your legal counsel.