Reducing Claims And Eliminating Accidents

It has been heartening--especially over the last few years--to see more founders and investors take an interest in the U.S. workers’ compensation and safety innovation sector.

Why? Because American workers need better safety innovation, and they need it now--just as their employers need better resources to reduce claims frequency and eliminate accidents in the workplace.

According to the ‘Census of Fatal Occupational Injuries Summary’ annual report, released by the U.S. Bureau of Labor Statistics in December 2022, we saw the following alarming statistics:

A 9% increase in the number of fatal accidents in 2021 over the previous year’s data.
A 3.6 fatal occupational injury rate in 2021, which represents the steepest climb in the annual rate since 2016.

Strikingly: ‘a worker died every 101 minutes from a work-related injury in 2021.’