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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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The Workers' Compensation procurement report contains data and analysis of current and future trends when buying goods and services. IBISWorld’s in-depth procurement research is always presented in a logical and consistent format for easy reference throughout a company. The Workers' Compensation Procurement Research Report contains growth forecasts for a three-year outlook period and supplier profit benchmarks so your company can make the right purchasing decision.

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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