The financial ramifications of keeping an injured worker away from the workplace is often more costly than the medical expenses for that injury. Our team is currently investigating options for developing a tool specifically designed for farmers/employers to calculate estimated financial cost of an injury, specifically highlighting the time loss multiplier and its effects on insurance premiums and MOD rates.

Employee returns to work at… 3 days 5 days 3 months
Work load Light duty Light duty Full duty
Wage-loss benefits paid by workers’ comp None Total for 2 days Total for 3 months
Total claim costs including medical and wage-loss benefits $1,500 $2,000 $12,000
Employer’s e-mod of 1.00 increases by… .01 .05 .28
Employer’s annual premium of $21,759 increases by… $210 $1,047 $5,862