The effort to lower workers compensation claims and expenses in Minnesota continues to be headed in the right direction.
The number of paid workers comp claims in Minnesota fell 47 percent relative to the number of employees from 1997 to 2012, according to the 2012 Minnesota Workers Compensation System Report, just released by the Minnesota Department of Labor and Industry (DLI).
“Though each workplace accident is one too many, the report underscores that Minnesota’s workplaces have become much safer for employees and comparatively less costly for employers since 1997,” said Ken Peterson,DLI commissioner. “As has been the case for the past few years, medical treatment for injuries was the chief cost driver for the system, increasing annually per claim by more than 5 percent above average wages since 1997.”
Significant Findings
• The workers comp claim rate fell considerably from 1997 to 2012, from 8.7 to 4.6 claims per 100 full-time-equivalent employees.
Author Kori Shafer-Stack, Editor, Amaxx Risk Solutions, Inc. is an expert in post-injury response procedures and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. www.reduceyourworkerscomp.com. Contact: [email protected].
©2014 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law.
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