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“The most valuable asset of any company is its employees, and with the current labor shortage, employers need to be armed with recent data to improve workplace safety and help reduce injuries,” Matt Zender, senior vice president of workers’ compensation strategy at AmTrust, said. (Credit: Ivan Kruk/Shutterstock) “The most valuable asset of any company is its employees, and with the current labor shortage, employers need to be armed with recent data to improve workplace safety and help reduce injuries,” Matt Zender, senior vice president of workers’ compensation strategy at AmTrust, said. (Credit: Ivan Kruk/Shutterstock)

Building and construction firms that have been in business for four years or less account for three-quarters of workers’ comp claims in the contractor sector, according to AmTrust Financial.

Additionally, newer employees tend to see the most injuries in the construction field. Tradespeople on the job for a year or less accounted for 33% of workers’ comp claims. As years of experience build, the frequency of injuries drop, AmTrust found, with workers that have been on the job for five years seeing the fewest claims.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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