Do you Know The 5 Hidden Costs of a Workers’ Comp Claim?
The direct costs of workplace injuries – workers’ compensation costs – are fairly easy to quantify. After all, you know how much your workers’ comp premiums increase in response to claims and how much you pay out when those claims are filed, including medical expenses and wage replacement. Many business owners are surprised to hear that, as substantial as those workers’ compensation costs are, they amount to just a fraction of the total costs associated with on-the-job injuries.