Injury Costs Skyrocket, Study Finds Chicago

Risk managers are putting a dent in reducing workplace injuries, but the cost of injuries grew faster than inflation between 1998 and 2000, according to a survey by a provider of workers’ compensation insurance.

While the frequency of disabling workplace injuries fell slightly more than 1 percent between 1998 and 2000, according to the Bureau of Labor Statistics, Liberty Mutual’s annual “Workplace Safety Index” found that the total cost of disabling workplace injuries was up $42.5 billion.

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