HomeBusiness InsuranceWorkplace injury costs climb despite decline in claims – Travelers

Workplace injury costs climb despite decline in claims – Travelers


While the total number of workplace injuries has declined, Travelers found that the costs tied to these injuries have increased. According to Rich Ives (pictured above), senior vice president of business insurance claims at Travelers, three notable workforce trends – higher retirement ages, employee turnover, and extended recovery times – are contributing to rising claim severity.



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