With the workers' compensation insurance market in the U.S. projected to reach $56.7 billion in 2025, nearly half of employee injuries reported by small businesses over the last year were preventable, according to a report by Pie Insurance.
Seventy-five percent of small businesses reported incidents, the data showed, with 49% admitting to improvising safety measures due to a lack of proper equipment and more than 30% reporting over $20,000 on injury-related costs.
"Workplace safety isn’t just about preventing physical injuries. It’s essential to both employee well-being and a business’s long-term success,” said Carla Woodard, senior vice president of claims at Pie Insurance.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
