Did you know that voluntary insurance benefits may help reduce workers’ compensation claims?
Workers’ compensation insurance is an important and, in Florida, required benefit that pays employees a portion of their salary when they are out of work due to an injury or illness sustained on the job. Because of the high direct and indirect costs of claims, companies are naturally looking for ways to reduce their workers’ compensation claims.
Voluntary insurance benefits could be the answer.
Keep reading!
Aflac conducted a nationwide survey of 1,500 benefits decision—makers to determine attitudes and trends influencing employer-provided benefits. Of employers who offer voluntary insurance more than 50% offer voluntary accident insurance.
Of those who offer this benefit …
- 51% say they have seen a decline in workers’ compensation claims since doing so.
- 40% of those companies report seeing a significant reduction of 50-74%.
- 34% say they have seen a very significant reduction in workers’ comp claims (a reduction of 75% or more).
We represent Aflac and write voluntary benefits. Aflac also offers many other benefits that can help your employers. Call us today to learn more about voluntary benefits.