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The Relationship Between Accident Report Lag and Claim Cost in Workers Compensation Insurance (PDF)
In 2000, a study by The Hartford, using its own data, found that the average cost of a workers compensation claim generally rose as the delay in reporting the claim increased. Effectively managing a workers compensation claim ensures that the injured worker receives their benefits efficiently. But an insurer cannot begin to manage a claim until notice is given that an injury has occurred.
In this study NCCI looks at the relationship between report lag and claim cost using recent industry wide data.
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