The National Council on Compensation Insurance's Injury Characteristics & Insights Dashboard contains a huge amount of good info for risk managers.
Usually, I find most statistical dashboards with limited info that may be hard to decipher. This dashboard is one to check out for sure. You can find it by clicking here.
The dashboard provides:
This example from the dashboard shows an interesting severity statistic that is worth knowing: injury severity by source.
I had always thought that burns were the most severe injury type. I was incorrect. The highest severity of injuries comes as a result of motor vehicle injuries.
Then, when I went back through the old client files, this info was correct. Wow, that is why I will use this dashboard more in the future.
One thing the motor vehicle accident ranking with the highest severity cost shows is the need for workers' comp claims adjusters to heavily investigate subrogation.
If you decide to use any of this dashboard data for presentations, please make sure you provide a backlink.
This blog post is provided by James Moore, AIC, MBA, ChFC, ARM, and is republished with permission from J&L Risk Management Consultants. Visit the full website at www.cutcompcosts.com.
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