Texas Sees Reduction in Average Cost of Workers' Compensation Claim

Positive news and trend in Texas Workers' Compensation claims.

The average cost of a workers’ compensation claim in Texas declined recently, following several years of growth, according to a new study, Monitoring the Impact of Reforms and Recession in Texas: CompScope 13th Edition, by the Workers Compensation Research Institute (WCRI).

WCRI reported that costs per workers’ compensation claim in Texas fell 4 percent in 2010, a larger drop than in most of the states in the16-state study. The decline came after three years of growth averaging 5 percent per year from 2006 to 2009.

The study found the cost of indemnity benefits — payments for lost wages of injured workers — decreased by 6 percent in 2010, driven mainly by a drop in the duration of temporary disability. The decline in duration may be related to recovery from the recession.

Read More: Texas Sees Reduction in Average Cost of Work Comp Claim

Join the Conversation on Linkedin | About PEO Compass

The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.