Editor's note: Greg S. Tardy, CPCU, ARM, is vice president & chief underwriting officer at Key Risk.
Down from a recent peak of 9.6% in 2010, the Bureau of Labor Statistics (BLS) reported an unemployment rate of 6.2% as of July 2014. As the unemployment rate decreases, new employees are entering the workplace and people are returning to work in new industries. During this time of economic growth, it is important for employers to remember the fundamentals of hiring and understand the impact effective hiring practices can have on their workers compensation program and business.
Successful workers' compensation programs focus on accident prevention. A commitment to accident prevention helps to protect employees, increase productivity and ultimately manage the total cost of an employer's workers compensation program.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
