Having workers’ compensation coverage is extremely important for employers, especially those in industries where employees are at a daily risk for injury. Every employer wants to improve their safety program and reduce incidents. For new employers, the cost of workers compensation coverage can be staggering to say the least and this often unplanned cost can be a major setback to the business.
The primary purpose of workers’ compensation benefits is to compensate employees for time missed from work as a result of a work-related injury, and to pay for medical expenses related to occupational injuries or disease. But nearly all states also provide for “scheduled” benefits for losses of function in certain body parts or certain bodily functions.
Carpal tunnel syndrome is often assumed to be work-related, but that is not always the case. The choices you make once the claim is started can ultimately decide your fate.
Having a solid safety program in effect can prevent many injuries and significantly reduce your workers’ compensation exposure. But work-related injuries are not completely avoidable. OSHA reports that each year, over 4.1 million American workers suffer a serious job-related injury or illness. Once the injury occurs, your focus needs to shift from injury avoidance to limiting the impact of the claim on your business operations and your bottom line.
According to a 2011 report from the Bureau of Labor Statistics, the most common workplace injuries resulting in the most missed days -- by a long shot -- are sprains, strains and tears. These nonfatal musculoskeletal work-related injuries account for 38% of all injuries in the workplace.