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Texas Workers’ Compensation Costs Down 63% Since 2005

More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline. Premiums have fallen by 63 percent since 2005 as the Division of Workers’ Compensation worked to reduce costs and improve care through health care networks, a drug formulary, safer workplaces, and other reforms.

In Texas, the average premium for each $100 of payroll dropped from $2.32 in 2003 to 86 cents in 2015, according to the National Council on Compensation Insurance.

Contributing Factors to Declining Costs

  1. Fewer employees are filing workers’ compensation claims—a 28 percent drop since 2004.
  2. Non-fatal injury rates are down 36 percent since 2005, an indication that employers are making workplaces safer.
  3. More employees are getting treatment sooner. About 84 percent of injured employees receive non-emergency medical care within seven days of their injuries, compared to 76 percent in 2000.
  4. The average number of claims treated by physicians decreased over the last decade, from 21 claims per physician in 2000 to about 15 per physician in 2016.
  5. More injured employees are back at work within six months of their injury in Texas, and the average number of days off work has decreased by more than 30 percent since 2005.

Benefits for All

When employees are healthier and taken care of, everyone wins. That means fewer claims for your business, lower premiums, less paperwork, and a more productive work environment. How does your workers’ compensation insurance plan shape up? Our team is happy to help you take a look and ensure you’re not only getting the biggest bang for your buck, but that your employees and company are fully protected. Give us a call at 800-399-6059.


About the Author

John Cornelius
Claims Manager









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