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Workers' Compensation Procurement Research Report | Published: Apr 2014

Helping businesses make better purchasing decisions, faster

Workers' Compensation: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Workers' Compensation Procurement Research Report offers purchasing insight into the Workers' Compensation market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 11-14
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 14-17
Price Change
Workers' Compensation - Recent Price Trend

Workers' compensation insurance is a required purchase for virtually all employers in the United States. As a result, the demand for it does not change significantly from year to year. However, the improving economy has led the price to increase at an average of 1.3% annually over the past three years. Total demand is determined by the total number of employees in the economy, which has risen... purchase to read more

Workers' Compensation - Total Cost of Ownership

Buyers of workers' compensation insurance should not expect the total cost of ownership to be significantly higher than the premium price. The only significant additional cost for operation is switching costs. The average buying lead time is about two months from the initial proposal to implementation. After that, employees must be trained to use the new claim submission system. Generalized... purchase to read more

 


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of workers' compensation. Also known as workmens' insurance, it is a form of insurance in the event of a workplace injury, which provides the injured employee with wage replacement and medical benefits. In return, the employee relinquishes the right to sue his or her employer for negligence.



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