When it comes to running a small business, workplace injuries can have a huge impact on operations.
This is especially true when the injury results in an employee absence. Consider a small business that may employ only three people: That business is losing one-third of its workforce. Of course, the first concern with any accident is the well-being of the employee. While an employee is recovering, however, the work doesn't stop and customers still need to be served.
The Hartford's 2015 Small Business Success study found that only 29% of small business owners are concerned about an employee being injured at work. Yet, workplace accidents happen more often than you may think. A five-year analysis of Hartford's claims data found that there is a 50% chance a small business will experience a claim in the next 10 years.
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