Workers’ Comp Coverage and Costs to Employers Declines as Unemployment Rises

According to a report released by the National Academy of Social Insurance (NASI), there’s been a decline in workers’ compensation coverage and costs to employers that seems to be related to the nation’s unemployment rate.

An article on published some of the results of the report titled, “Workers’ Compensation: Benefits, Coverage and Costs, 2009”. Some interesting statistics include:

  • The number of employees covered by workers’ comp decreased 4.4 percent in 2009
  • Employer costs for workers’ comp benefits dropped by 7.6 percent, the largest decline in the last 30 years
  • An estimated 124.9 million workers were covered by workers’ comp in 2009
  • Nationwide, workers’ comp programs paid $58.3 billion in benefits in 2009, which was a .4 percent increase from the previous year
  • Payments for medical care decreased by 1.1 percent for the first time in a decade. Case benefits increased by 1.9 percent
  • 4,551 occupational injuries were fatal in 2009, which was a 12.7 percent decrease from the previous year

If you are injured on the job, there may be help for you. Contact the workers’ comp attorneys at O’Connor Law for a free review of your case.

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