Lockton: Higher Costs Associated With Denied Workers’ Comp Claims
Workers’ compensation claim denial rates increased a little over one percent between 2014 and 2017, according to a white paper published earlier this year by Lockton. The increase is significant because of the increased costs associated with denied claims.
The analysis examined denial rates and focused on answering two questions:
What’s driving the increase?
Is a high denial rate in the best interest of the employer?