The southern part of the great state of Louisiana boasts some of the lowest unemployment rates in the U.S.; however, it pales in comparison to the rest of the country in statistics related to workers' compensation and work-related injuries.
Louisiana costs per claim for workers' comp were higher than most other states and growing faster for all cost components including indemnity, medical and related expenses. The duration of temporary disability is anywhere from 8 to 16 weeks longer than in other states with a wage loss benefit system. Indemnity benefits per claim are 40% higher than the median of all other states and, at 9% per year, are growing faster than any other state.
All of which makes it all the more impressive when a company sets its sights on not only improving its own workers' comp loss ratios, reducing the number of injuries and workers' comp claims, but far outpacing its fellow businesses in the Pelican State and emerging as a serious competitor within its field. But that's precisely what Danos & Curole Marine Contractors LLC (Danos) has accomplished.
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