With the economy on the mend, U.S. companies are going back to business as usual–and to risks as usual. As companies resume hiring, one risk they should keep in mind is a possible uptick in workers compensation claims.

Over the last few years, workers comp claims have declined, falling 4% in 2009 and 3.4% in 2008, according to NCCI Holdings, an organization that tracks workers comp data. NCCI says that falloff reflects not only the decline in employment but also the fact that those still employed tended to be more experienced and less likely to be injured on the job.

Now that process may be reversed as companies rebuilding their workforces possibly add less experienced workers.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.