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How prepared are workers’ compensation systems for COVID-19?

Workers' Compensation Perspectives

Regardless of the workers’ compensation model (private insurance, competitive state fund, exclusive state fund), every insurer has to prepare for the unexpected. Afterall, insurance is the transfers the financial risk of rare but costly events from the insured to the insurer. This limitation was noted at the time. billion).

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Are Workers’ Comp Insurers ready for what comes next in the COVID-19 crisis?

Workers' Compensation Perspectives

Operational challenges and risks Like other employers, workers’ compensation insurers and regulators face significant operational challenges during this crisis including: Who is essential to keep us operating? Can we keep essential staff safe (at workplaces, with clients, or working from home)?