Thursday, May 23, 2024

Research shows Louisiana is one of the safest states for workers in the country

by BIZ Magazine

Research conducted by experts at High Rise Financial analyzes the most recent data from the U.S Bureau of Labor Statistics to reveal the rate of nonfatal work injuries and illnesses across each U.S state. 

The study reveals that Louisiana is one of the states with the least accidents in the workplace, with the lowest rate being 1.9 out of every 100 full-time workers.  

On average, 2.8 workers out of every 100 in the U.S are injured every year. Louisiana’s rate is 32.1% lower than the yearly average.  

Virgin Islands placed second in the rankings, with an accident rate of 1.3, whilst D.C. topped the study with the lowest rate of 1 out of every 100 workers.  

Texas ranks fourth for the lowest number of workplace accidents, while Virginia follows in fifth place. The top ten is rounded out by Delaware, New York, North Carolina, Ohio and South Carolina, all coming out with a total of 2.2 out of 100 recordable cases per 100 workers. 

High Rise Financial, a Pre-Settlement Legal Funding Company, said about the findings: “Not only can workplace accidents directly impact workers’ health and safety, but also the workforce as a whole, losing team members and potentially incurring financial losses if cases are taken to court. Slips, trips and falls are the top cause of all workers’ compensation claims, incurring injuries such as broken bones, sprains, cuts, pulled muscles, and damage to the back, head and neck. Whilst these types of injuries are described as ‘nonfatal’, they can result in hospitalization and missed workdays, often resulting in financial losses. 

“Accidents in a workplace can pose many complications in injury cases, due to the number of parties that are often involved as well as the time they can take to be resolved. While legal representatives can resolve some lawsuits quickly, most take months or even years to settle. As a result, many workplace injury victims amass debt while waiting for their settlement. Therefore, opting for pre-settlement funding can help a claimant access money prior to their settlement, to avoid a buildup of debt without applying for a loan.” 

The research was conducted by a High Rise Financial, a Pre-Settlement Legal Funding Company providing victims of personal injury cases with a portion of their anticipated settlement funds before their case officially settles.

For more data, see: Dangerous States for Workplace Accidents US DATA – EXTERNAL Copy.xlsx 

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