Today’s issue of WorkCompRecap features the release of a new report from the National Academy of Social Insurance that found that workers’ comp benefits as a share of payroll for injured workers continue to decline while employment grows and overall employer costs increase.
According to the report, in spite of employment growth following the Great Recession and corresponding uptick in employees eligible to receive workers’ comp, benefits per $100 of covered payroll dropped to $0.98 in 2013, a 5% decrease from 2009, while workers’ comp costs for employers have increased by 5% to $1.37 per $100 of covered payroll. The report also details state-by-state changes in coverage, benefits, and employer costs over the last five years.
Find out more (including a link to the free report!) by clicking here!