Liberty Mutual’s Liberty Mutual Workplace Safety Index is out. The number of serious injuries and illnesses have fallen 1.5%. However, the cost of treating those injuries and illnesses jumped — in medical costs and lost wages — by 2.9%.
Here are the top causes and costs:
• Rose 23.4% and costs increased $13.7 billion
Falls on same level
• Jumped 19.2% and the cost rose to $11.2 billion
Falls to lower level
• Are up 10% and the cost is $5.9 billion
Struck by object or equipment
• Is up 9.1% and the cost is $5.3 billion
Other exertions or bodily reactions
• Rose 7.2% the cost is $4.2 billion
Roadway incidents involving motor vehicles
• Increased 5.5% and cost $3.2 billion
Slip or trip without fall
• Is up 3.9% and the cost is $2.3 billion
Caught in or compressed by equipment or objects
• Rose 3.6% and the cost is $2.1 billion
Struck against object or equipment
• Jumped 3.5% and cost $2.0 billion
Repetitive motions involving microtasks
• Up 2.6% and the cost is $1.5 billion
Liberty Mutual’s James Merendino said the survey helps employers, risk managers and safety professionals improve workplace safety. It does it by highlighting its financial impact and focusing resources on the leading causes of serious work-related injuries and illnesses.
“While over-exertion continues to be the leading cause of serious workplace injuries, falls account for a growing proportion of losses. To effectively improve safety, each employer needs to understand the root causes of the most serious workplace injuries they experience, and the ways to effectively mitigate these through training, equipment and work design. Insurance companies, brokers and agents can be a key resource to employers in these efforts,” he said.
Statistics come from the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance. Liberty Mutual and BLS injury data. The data is analyzed to determine which events caused employees to miss six or more days of work. The Index then ranks those events by total workers compensation costs, which include medical and lost-wage payments.
Each Index is based on data three years prior. Accordingly, the 2018 Index reflects 2015 data.
Source links: Insurance Journal, Insurance Business America