Workers Compensation – Medical Losses Drive Costs – Loss of 8 Million Jobs = 20% Premium Loss Nationwide

The workers’ compensation industry in the years ahead will exist much as it has for decades in many respects. Policyholders will purchase coverage from either an agent or a company, with a portion of the market deciding to join the self-insured crowd. Some will be interested in few company attributes other than price, while some will look to their insurance provider for true value-added services. The most commonly seen services would be in the area of loss prevention, policyholder access to claims data, and a relationship with their insurance provider that leads to lower experience mods, and ultimately, lower costs.

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