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Workers' Compensation

Workers’ compensation insurance provides coverage for medical expenses, lost wages, and more in the event of an on-the-job injury or death. As it’s required in most US states, and can be a major expense, companies can turn to Marsh for innovative solutions.

In broad terms, workers’ compensation exists to provide benefits to employees or staff who are injured or die on the job as a result of work-related injuries.

Although it is of course unfortunate for such events to occur, they do happen and the financial remedy provided by workers' compensation can be immensely helpful to an employee as well as his or her family.

The majority of workers’ compensation costs for employers are comprised of insurance premiums and/or retained losses. Programs, if not properly managed, also can be costly to organizations in relation to workforce productivity and the time and resources required to manage claims.

In the US, workers’ compensation rules and regulations are established on a state-by-state basis and can vary considerably. These complexities can make it difficult for companies to navigate this environment and address emerging trends and legislative changes.

At Marsh, we understand that your employees are your most valuable asset and recognize your desire to protect and promote their health and safety. From insurance advice and placement to pre- and post-loss advisory solutions, our specialists can support efforts to reduce workers’ compensation loss costs, improve productivity and profitability, reinforce behaviours in support of key business objectives, and develop and implement sustainable safety programs.

Together, we can help you stay compliant, manage risks, reduce costs, and be resilient.