How Many Workers Comp Claims Happen Per Year? Plus Over 27 Workers Compensation Statistics For 2022!
Workers’ compensation insurance is accident coverage paid by employers. If you are injured or sickened on the job, you may receive benefits to cover medical bills or rehabilitation costs.
Workers’ compensation also covers partial lost wages if you miss work. Some policies also provide death benefits if you’re killed on the job.
Workers’ compensation insurance only applies if you are injured or sickened while performing the duties of your job.
Every year, roughly 4.9 million workers compensation claims are filed by both private and federal employees.
Workers’ compensation claims payout approximately $62 billion each year, or roughly $31.8 billion in cash payments and $31.3 billion in medical benefits (2016 estimate).
The overall employer costs for workers’ compensation were $100.2 billion in 2021.
The typical workers’ compensation claim is about $41,000. The average cost of a sprain is $34,409, and the average cost of a fall/slip is $47,681.
The overall employer costs for workers’ compensation were $100.2 billion in 2021.
It costs businesses an average of $957 per employee a year to adhere to labor law requirements, according to the Bureau of Labor Statistics. This amounts to approximately 1.2% of all employer compensation expenditures, which includes wages and benefits.
According to NCCI data provided by the National Safety Council, motor-vehicle accidents are the most common cause of lost-time worker’s compensation claims.
A motor-vehicle workers comp claim in 2016 and 2017 had an average cost of $78,293 per claim.
The most expensive causes of injury claims in 2016 and 2017, accounting for about a fifth of all claims, were burns ($47,878), falls or slips ($46,592), and unspecified injuries.
While motor vehicle accidents account for the majority of the most costly claims due to the nature of the injury, amputation loss time claims are the most costly by definition. In 2016 and 2017, an average of $98,126 was spent on every lost-time claim associated with an amputation.
Following amputation, the most costly claims were:
The following are a few examples of states that have published workers’ compensation claims data:
