Apr 11, 2024
1 min read
Updated: Jul 27
In 2023, the construction sector reported three times the number of workers’ compensation claims compared with any other industry. Thirty-nine percent of serious injury claims were filed by construction workers. For comparison, only 11% were filed within the mining sector.
Construction has always been a risk-filled industry. But what’s driving workers’ compensation claims today? Ken Bunn, Vice President of Claims at Builders Mutual, discusses three of the top trends impacting workers’ comp and what contractors and insurers are doing about it.
TREND #1: INCREASING MEDICAL UTILIZATION
TREND #2: COMORBIDITIES AND CHANGING DEMOGRAPHICS
TREND #3: EXPANDING EXPECTATIONS AROUND COVERAGE
Read the full article at Builders Mutual website. They are a great carrier-partner of ours for anything construction related.