The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry. However, the cost of the system rose 30 percent relative to payroll during the same three-year period.
The current Workers’ Compensation System Report estimates cost rose to $1.74 per $100 of payroll in 2003, from $1.34 in 2000.
Click here to read the complete report.
Topics Trends Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Liberty Mutual Says Safeco Brand Is Officially Retired 
Study Finds ‘Alarming’ High Flood Risk for 17M Americans on Atlantic, Gulf Coasts 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
