Lost-Time Claim Costs Climb Steadily With Worker Age, Study Finds

Older employees who are hurt on the job tend to have more severe injuries than their younger counterparts, a trend that is quantified in a new white paper from Lockton. Lockton found that average claim costs increased, by $722, for each year of employee age between ages 20 and 50. The average incurred cost per lost-time claim was about $15,000 for 20-year-old workers, growing to roughly $35,000 for 50-year-old workers. The increases leveled off somewhat between ages 50 and 60. The figures came from an analysis of a database derived from Lockton’s book of business that contains 584...