Travelers Injury Impact Report Reveals the Employees Most Vulnerable to Workplace Accidents
01 Maio 2023 - 10:07AM
Business Wire
Analysis of 1.2 million workers compensation
claims shows those injured on the job miss an average of 71
workdays
The Travelers Companies, Inc. (NYSE: TRV), the country’s largest
workers compensation insurer, today released its 2023 Injury Impact
Report, which examined more than 1.2 million workers compensation
claims from 2016 to 2020. The findings show that an employee’s time
spent in a particular role and their age were driving factors in
injury frequency and cost of claims, respectively.
“The data clearly highlights two populations to watch when it
comes to workplace injuries: new and aging employees,” said Rich
Ives, Vice President of Business Insurance Claim, Travelers. “As
employers navigate turnover and a multigenerational workforce, it’s
important that they stay aware of the risks that come with changing
worker demographics so they can help keep employees safe and
businesses running.”
Employees in their first year on a job, regardless of their age
or industry experience, represented more than one-third (34%) of
all claims and accounted for nearly 7 million missed workdays due
to injury. Though they were injured less often than most other age
groups, employees ages 60 and older had higher average costs per
claim, totaling nearly 15% more than employees between the ages of
35 and 49 and approximately 140% more than those ages 18 to 24.
Other highlights from the report include:
- The most common injuries – At 38%, strains and sprains
accounted for the most injuries, followed by fractures (13%);
contusions (8%); inflammation (7%); and dislocations (7%).
- The most common causes of injury – Overexertion caused
the most claims (29%), followed by slips, trips and falls (23%);
being struck by an object (13%); motor vehicle accidents (5%); and
caught-in or caught-between hazards (5%).
- The costliest common claims – Dislocations were the
costliest of the most common injuries, coming in at almost three
times the average cost per claim. Slips, trips and falls were among
the most common causes of injuries and cost 35% more than the
average claim, closely followed by motor vehicle accidents
(33%).
- Workdays missed due to injury – On average, the injuries
analyzed resulted in 71 missed workdays.
- The construction industry had the highest average number of
lost workdays per injury (99 workdays), followed by transportation
(77 workdays).
- Injured employees from small businesses missed an average of 79
workdays.
- Slips, trips and falls caused employees to miss an average of
83 workdays, followed by motor vehicle accidents (79 workdays);
overexertion (71 workdays); and being struck by an object (67
workdays).
As for the outliers, amputations led to some of the most
expensive claims, costing nearly five times the average, followed
by electric shock and multiple trauma injuries, such as breaking
multiple bones at once. Together, these injuries accounted for
slightly more than 1% of claims.
Ives added, “After an injury, an employee’s road back to work
can be difficult, and the longer they remain out, the harder it can
be for them to return – especially if they’re dealing with a
psychosocial barrier, such as fear or worry. That’s why a holistic
approach to recovery is so critical, and why we recommend employers
promptly file claims after an incident – so that injured workers
can immediately receive the help they need.”
To read the full report, visit
Travelers.com/injuryimpactreport.
About the 2023 Injury Impact Report
Travelers analyzed more than 1.2 million workers compensation
claims it received between 2016 and 2020 from a variety of
industries and business sizes. Findings were based solely on
indemnity claims, where the injured employees could not immediately
return to work and incurred medical costs.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has more
than 30,000 employees and generated revenues of approximately $37
billion in 2022. For more information, visit Travelers.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230428005531/en/
Media: Kate Thermansen, 860-954-1789 ktherman@travelers.com
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