Turn on more accessible mode
Turn off more accessible mode
The Source You Trust
Search
800-622-4123
  • Contact Us
  • Products
    • Popular Products Riskworkstation™ NCCI Atlas Class Look-Up Data Manager Dashboard
    • Product Catalog
      Comprehensive library of NCCI's products.
  • About NCCI
    • Explore Careers
      People who join NCCI... can make an IMPACT.
    • Corporate Responsibility Facts and Information NCCI Cares Contact NCCI
    • Learn About NCCI About Us Our Leadership Media Center NCCI State Map
  • Learn@NCCI
    • NCCI Academy
      Curriculum-based learning exclusively for NCCI carriers and regulators.
    • Learning Center
      Topic-based learning for agents and available to all!
    • Other Learning Experiences NCCI Atlas Training Virtual Carrier Education Series Microlearning Videos
  • Log In
  • My Profile
    • My Contact Information My Email Notifications Recent ncci.com Updates My Products Company Administrators
    • Issues Tracking View/Pay My Invoice (OIS)
  • Data Reporting
  • Industry Information
  • Residual Markets
  • Underwriting
  • Agents/Brokers
  • Insights
Search
  • My Profile
    • My Contact Information
    • My Email Notifications
    • Recent ncci.com Updates
    • My Products
    • Company Administrators
    • Issues Tracking
    • View/Pay My Invoice (OIS)
  • Data Reporting
  • Industry Information
  • Residual Markets
  • Underwriting
  • Agents/Brokers
  • Insights
  • Contact Us
  • Products
    • Product Catalog
    • Popular Products
      • Riskworkstation™
      • NCCI Atlas
      • Class Look-Up
      • Data Manager Dashboard
  • About NCCI
    • Learn About NCCI
      • About Us
      • Our Leadership
      • Media Center
      • NCCI State Map
      • Corporate Responsibility
      • Facts and Information
      • NCCI Cares
      • Contact NCCI
    • Explore Careers
  • Learn@NCCI
    • Learning Center
    • NCCI Academy
    • Other Learning Experiences
      • NCCI Atlas Training
      • Virtual Carrier Education Series
      • Microlearning Videos
About Us

Coronavirus and Workers Compensation: NCCI Examines the Economic Impacts and Announces Launch of COVID-19 Resource Center

Posted Date: April 20, 2020
    
Page Content

​(Boca Raton, FL, April 20, 2020)—The National Council on Compensation Insurance (NCCI) released the first of a two-part Quarterly Economics Briefing (QEB) for the first quarter of 2020. The first part—“Economic Impacts of Coronavirus on Workers Compensation” examines how the COVID-19 pandemic affects the workers compensation insurance system.  It explores the impact on employment, business closures, injury frequency, injury severity, and the ratio of premium to payroll.  NCCI will issue the second part—“The Economic and Medical Outlook on Workers Compensation”—later this month.  

“There is no greater issue facing the nation and the economy than the coronavirus pandemic,” said Bill Donnell, president and CEO of NCCI. “This report takes a look at how COVID-19 is impacting employment—from mass furloughs and layoffs in some industries, to increased but likely temporary hiring in others—and what changes we may see in terms of claims and premiums.”

“Although workers compensation coverage for coronavirus infections remains uncertain and is likely to vary from state to state, we think that the pandemic will have other significant impacts on the workers compensation system,” said Leonard F. Herk, NCCI’s senior economist and author of the report. “To give just a couple of examples, reduced access to medical care and deferred return-to-work are likely to increase the severity of existing claims, while workers at risk of layoff may either delay or accelerate reporting new claims.”

Key takeaways from the first part of this quarter’s QEB include:
  • Coronavirus layoffs are happening with unprecedented rapidity but not uniformly across economic sectors and types of businesses
  • Temporary business shutdowns and permanent closures have different impacts; small businesses are at particular risk of closing permanently
  • Coverage of coronavirus claims under workers compensation is an open question with resolution likely to differ across states
  • Reduced access to medical care during the pandemic may increase the duration of existing claims
  • Workers anticipating layoffs may defer or accelerate injury reporting, impacting claim frequency
  • Motor vehicle accidents are likely to decline due to reduced business travel and less congestion
  • Premium is likely to fall more quickly than employment during the pandemic
To read the full Economic Impacts section of the Quarterly Economics Briefing, visit NCCI’s new COVID-19 Resource Center on ncci.com. 

Launched as part of NCCI’s ongoing analysis of the effects of the coronavirus pandemic on workers compensation, this COVID-19 resource center serves as a one-stop portal for stakeholders to gain insights on this important topic. Available relevant information includes: 
  • Frequently Asked Questions
  • Regulatory, Legislative & Legal Updates
  • NCCI Announcements 
  • Articles
  • Analysis
“NCCI is here to help stakeholders navigate through the uncertainty of the coronavirus pandemic and the impact it may have on the workers compensation system,” added Donnell.  “We’ve launched our COVID-19 Resource Center to make it easier for industry professionals to gain actionable insight to help them make important business decisions.” 

Stay tuned for additional updates to the COVID-19 Resource Center. 

About NCCI

Founded in 1923, the mission of the National Council on Compensation Insurance (NCCI) is to foster a healthy workers compensation system. In support of this mission, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations. These activities—combined with a comprehensive set of tools and services—make NCCI the source you trust for workers compensation information.


NCCI Page Content Right Top

​

Contact Information

Cristine Pike
Manager, Communications
561-893-3631


NCCI
Home
About Us
Careers
Contact Us
Website SLA
QUICK LINKS
Events and Programs
Learning Center
NCCI Academy
Online Invoice Service (View/Pay My Invoice)
Recent ncci.com Updates
Product Catalog
Solutions
LEGAL
Privacy Policy
Terms of Use

CONNECT WITH US

We use cookies on this site to enhance your user experience. By continuing to use this site you are giving us your consent to place cookies on your device.

Continue Give me more information