If 2020 was tough on workers' compensation premium, 2021 may not be much better, thanks to long-term economic shifts caused by the COVID-19 pandemic, the National Council on Compensation Insurance said in a report.
In a look at perils and prospects for 2021, NCCI's executive director and senior economist, Leonard Herk, predicted that the national economy will be slow to bounce back from the pandemic-induced recession. And trends will affect comp for some time to come.
As small employers have suffered due to social distancing and business closure requirements, “employment sh...
Comments