Unprecedented decline in insurance premiums is over Until late 2017, insurance market pricing had been in a state of decline for an unprecedented period of years, leading many to speculate that the traditional cycle is over. However, the claims environment changed dramatically in 2017 as natural catastrophes in the second half of the year, including hurricanes Harvey, Irma, Maria, earthquakes…
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Statistics published by Safe Work Australia for 2015-16 report the average time off work for a Musculoskeletal Disorder is between 5-6 weeks. The average Workers Compensation claim cost for this type of injury in 2015-16 was $50,000. So the impact on your worker’s compensation premium could be significant, never mind the additional burden of being a person down in your…