What is the cost of a workers compensation injury?
I am looking for the average cost per injury / case of a work comp injury. Preferably musculoskeletal injuries. Also the indemnity costs.
Thank you, Patrick Zerr, P.T.
Answers:
I am assuming you are not the injured entertainment? You do not provide enough information within your question. There are passageway to many workers com rates to gues the answer. This is a simple example. If you hold an officer of a company injure them self and the bills total $10,000 will not cost your workers rates to increase nearly as much as a roofer with matching total bill amount. Workers comp rates are based upon mission risk. An officer is rated around 2% and a roofer is rate around 48%. Turning in a $10,000.00 claim will not effect you as much at renewal time as a $10,000.00 roofer injury. Some find it cheaper to remuneration the $10,000.00 themself to eliminate a huge premimun increase. This give somebody the third degree has to lots variables to answer. This one question lead to many more. kmwooten1@yahoo.com for more free answers.