SMBs Have Higher Workplace Injuries Than Nation As Whole

While SMB employees make up about 50% of the workforce, they have 60% of the reported accidents.

At all US private businesses, roughly 3 million workers are injured peryear according to OSHAat a cost of $170 billion dollars.

Small- and mid-sized businesses (SMBs) represent 60% of total claims according to the Injury Impact Report by The Travelers Companies, Inc.

The survey identifies the most common causes of workplace accidents and injuries.

  • Strains/sprains and cuts/punctures are the top injuries at 29% of small business claims.
  • The average cost per claim for strains/sprains is $17,000 and $8,200 for cuts/punctures – with other injury costs rising to $42,400.
  • Material handling is the single most common accident causes among all SMB claims.
  • Across all business sizes, small businesses suffered the highest percentage of accidents involving tools.
  • The costliest injury for SMBs is dislocation at an average cost of $97,100.

The most frequent causes of workplace injuries included:

  • Material handling (32 percent of total claims);
  • Slips, trips and falls (16 percent);
  • Being struck by or colliding with an object (10 percent);
  • Accidents involving tools (7 percent); and
  • Traumas occurring over time, for example when a part of the body is injured by overuse or strain (4 percent).

The above incidents most often resulted in strains, sprains, cuts, punctures, contusions, inflammation, fractures or chronic sicknesses resulting from a type of work (e.g., a skin disease caused by chemical exposure). On average,

  • Strains and sprains resulted in 57 missed work days,
  • Followed by cuts and punctures at 24 days.
  • Of the most commonly-resulting injuries, inflammation and fractures caused the most time away from work at 91 and 78 days, respectively.

“Even seemingly minor injuries, such as strains or sprains, can substantially impact an employee and slow a business’s operations and productivity,” said Woody Dwyer, Second Vice President, Workers Compensation, Risk Control, Travelers. “The most common injuries we see can often be prevented if the proper safety measures are in place, if safety issues are promptly addressed and if leaders continuously emphasize a culture of safety with employees.”

Industry-Specific Findings

Analysis of the workers compensation claim data revealed that certain causes of accidents and resulting injuries were more prevalent in some industries than others:

  • While material handling accidents were the top cause of injuries overall, these were especially common in the manufacturing and retail industries, causing nearly 40 percent of injuries in both sectors.
  • Falling from height was among the top causes of injuries in both the construction and retail industries.
  • The oil and gas industry was the only segment in which motor vehicle accidents were one of the most frequent causes of injury.
  • Eye injuries were one of the most frequent types of injuries in manufacturing and construction.

Additional industry-specific information can be found in the full Travelers Injury Impact Report.

The Costliest Injuries

The injuries with the highest average incurred costs included amputations, dislocations, electric shock, crushing and multiple trauma injuries, such as breaking multiple bones at once. These severe injuries have typically occurred less frequently overall.

Section: 
Healthcare, Insurance