Worker's Comp Claim Analysis

BODY PART The most common body part injured was the back; this is a common injury in construction and everyday life. Back injuries can be greatly reduced with proper stretching and lifting techniques. Eye injuries always seem to be a major concern on construction projects; these could also be easily prevented with eye projection. We looked at a per claim cost for these injured body parts; some of the most costly injuries involved the leg ($35.6k), head ($44.8k), hip ($35.1k), and multiple body parts ($55.8k). As expected, an injury to any of these body parts usually involves a great deal of medical attention; this ex- plains the great expense per claim. CAUSE OF INJURY WORKERS' COMP CLAIM ANALYSIS - HI-RISE CONSTRUCTION PROJECTS (OCIP/CCIP'S) IN NYC The majority of wrap-up insurance programs have large deductibles for workers compen- sation and general liability claims, so controlling losses is key to a obtaining maximum re- sults, aka Saving Money. Here, we have collected and analyzed claims from 4 high-rise projects in New York. The most common cause of injury was slip/trip; this is something that usually can be prevented. We found that most of these incidents are a result of bad housekeeping; trash, tools, and other items must be cleared from the project site to prevent these accidents. Another injury cause we saw a lot of was lifting. In our analysis, the most costly per claim causes of injury were electrical shock ($70.9k), falls from higher and same levels ($46.8k & $47.7k), and being struck against ($34.7k). Hours Avg Avg 12,185 Incurred Claims Total Avg Total 42 $ 315,629 $ 7,515 34 $ 55,198$ 1,623 31 $ 106,727 $ 3,443 29 $ 33,078 $ 1,141 $24,769 Claims 37 $ 450,831$ 33 $ 454,623S 30 $ 260,966S 27 $ 18,402$ 26 $ 28,121$ 21 $ 34,388 $ 20 $ 161,668 $ 20 S 693,606 18 $ 64,654S 14 $ 655,239 13 $ 620,321 12 $ 341,374 9s 17,250$ 5,742 $ 989,403 $ 843,141 $ 10,158 $ 897,757 $ 9,975 $ 823,619 $ 10,426 $ 1,451,625 $ 18,145 $ 4,016,141 $ 12,097 Injury Cause Injured Body Part Claims Enrolled CV Slip/Trip Falling or Flying Object Lifting Foreign Object Cut Struck By Strain Struck Against Caught In/Between Fall from Higher Level 13,776 Project Back Eye(s) Finger Hand Knee Foot Ankle 83 $ 171,000,000 $ 100,000,000 $ 94,000,000 $ 150,000,000 $ 515,000,000 664,833 8,699 200,500 A 682 90 514,470 1,082 26 S 644,002 24 $ 13,862 $ 578 1,638 79 921,636 8,083 34,680 3,592 18S 137,413 $ 7,634 18 $ 640,444 $35,580 16 $ 294,493 $18,406 80 3,090,341 D Leg Wrist Head Arm Should Multiple 332 These projects had similar construction schedules and claims frequency. With the exception of Project D, the projects had an average incurred per claim cost around $10,000. Project D had a few very large losses that drove their average per claim cost to more than $18,000. 15 S 671,456 $44,764 9,213 $ 709 46,803 Totals 47,717 28,448 1,917 13s 13 s 176,488 $13,576 S 669,781 Fall Same Level 181 555.815 Twisting Pushing/Pulling Contact With Hand Tool 12 718 411 2,879 $ 5.173 $ 862 628 $ 4,351 We took a look at what day of the week claims occurred most fre- ently. Based on our data, the beginning of the work week was much more dangerous than the end. This does somewhat coincide with other research on this topic. According to a study from CGU In- surance, Monday is the most dangerous day of the work week, and Friday is the safest. sls 34,810S Elbow 6 $ chest Face Hin 112 126 782 $ $35,139 $ 5,988 232 ss 175,696 sis 29,938 $ 2,082 $ Stepping on Object 6 s 1.393 S Puncture Punciure Machine or Machinery wiachne 5,043 Нip Other Back/Neck Mouth Neck Nose Ears Lungs No physical injuries 25,215 $ DAY OF THE WEEK 65,139 S 752 S 21,713 520 4 S 251 Bending Sprain 2 1,878 $ 939 2$ 15,084 $ 7,542 1s 15,000 $15,000 Total 2$ 2,879 Date Abrasion 5,757 $ wC Claims by Day of the Week Ingestion/Inhalation Exposure Illness Stretching Electrical Shock Stationary Object 644 66 1,288 $ 1,093 $ 1,838 $ 70,889 S Monday Tuesday Wednesday Thursday Friday Saturday Grand Total 80 546 75 2 s 919 1. $4,016, 141 $ 12,097 60 69 70,889 332 Grand Total 59 40 At what point in the construction schedule do claims usually occur on a large high-rise project? We wanted to look into this, so we graphed both the reported work hours and the claims per month for each project. As you could imagine, claims do follow work hours; the more hours worked, the higher the chance that an accident occurs. Also, most claims occurred during the first half of construction; each project had a huge peak in claims around the beginning of the second quarter of construc- tion. This can be attributed to the type of work being performed at this time. This is the most dangerous work, such as structural steel and excavation. 12,097 54 332 $ 4,016, 141 S Grand Total 9. Friday Saturday 332 Tuesday Wednesday Thursday Monday Project D Csolutions TIMELINE 60,000 Project C 50,000 Hours by Month 35000 GRAPHICAL ANALYSIS Hours by Month 40,000 30000 Project B 25000 30,000 Hours by Month 45000 40000 20000 Project A 20,000 15000 35000 30000 25000 20000 15000 10000 5000 60,000 Hours by Month 10,000 10000 Jan-08 Apr-10 60,000 5000 an o Oct-06 Jul-06 Jul-07 Aug-10 40,000 May-09 Feb-09 Nov-08 May-07 Feb-07 30,000 Claims by Month Oct-09 Jul-09 Apr-09 20,000 12 Jan-09 Oct-08 Jul-08 Apr-08 Jan-08 10 10.000 Oct-07 Jul-07 Aug-10 Apr-07 Jan-07 10 Nov-07 Claims by Month Claims by Manth 12 6 10 8. Claims by Month 10 7. Jul-oe Nov-10 May-10 Feb-07 Oct-09 Jul-09 Apr-09 Crested ty Be Som-CR Solations Jan-09 Apr-08 Oct-08 Jul-08 Jan-08 Oct-07 Jul-07 Jan-07 Apr-07 Nov-10 Nov-08 Aug-08 May-08 Nov-07 Feb-08 Juro Nov-10 Feb-10 Nov Aug-08 May-06 Nov-07 Aug-07 May-10 Feb-10 Nov-09 Aug-09 May 09 Feb-09 Nov-0s Aug-08 May 08 Feb-08 Feb-09