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Indemnity-only claims, which accounted for 42% of all COVID-19-related losses, are typically less costly than typically workers’ comp claims that involve lost time benefits. (Credit: Shutterstock.com) Indemnity-only claims, which accounted for 42% of all COVID-19-related losses, are typically less costly than typically workers’ comp claims that involve lost time benefits. (Credit: Shutterstock.com)

COVID-19 claims accounted for 11% of all workers’ comp claims reported in 2020, but were only associated with 3.5% of total workers’ comp incurred losses, according to a recent report that examined data from 45 states.

The gap between claims versus losses is present because of a large number of pandemic-related indemnity-only claims, which were relatively uncommon in workers’ comp before the pandemic. Indemnity-only claims, which accounted for 42% of all COVID-19-related losses, are typically less costly than typically workers’ comp claims that involve lost time benefits.

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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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