Workers' compensation continues to be a major concern for employers, and while some industries have more claims than others, all have concerns about the associated costs.
For brokers, the challenge continues to be how they can help clients at a time when rising health care costs seem “baked in” to the cost of doing business. But even as health care costs steadily rise, strategies to decrease risk and moderate premiums in the workers' compensation arena continue to evolve.
Looking ahead to 2017, brokers will have plenty of opportunities to assist businesses in finding ways to keep workers' comp premiums in check.
|Premiums are still rising
Let's get the bad news out of the way first: There continues to be a high number of claims, and that will lead to higher premiums.
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